EFFICIENT MARKET HYPOTHESIS DEBUNKED
28 June 2009 by Cullen Roche
1 Comment
Great weekend reading here. Sorry efficient market thinkers, but you’re wrong.
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Comments
So, maybe a list of stocks, buy,buy,buy or sell,sell,sell for the next year, eh. See how badly the random walk is crippled.
This is certainly a non-obvious result. One thinks that massive computer statistical models for valuation and price prediction would be more accurate than these simple formulae. Who knows?