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How Efficient are Markets Really?

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Uploaded by on Aug 2, 2011

(www.abndigital.com)
Eugene Fama, seen as the father of the efficient market hypothesis, further built on original work done in the 1900's. His 1960's PHD thesis has seen many variations to the original theme. Some academics suggest that efficiency can take on a strong, semi strong and weak form and more recently behavioural finance specialists have highlighted glaring faults with the efficient market hypothesis. So how efficient are markets really? Is there something that can be learnt from the efficient market hypothesis?

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  • Eugene Fama is evil scum.

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