I’ve posted Entry #5 to my Valuation-Informed Indexing column at the Value Walk site. It’s called Overvaluation Cannot Be “Exploited” Away.
Juicy Excerpt: All investors should be anxious to learn what it would take to make the Efficient Market Theory a future-day reality. If there were financial incentives for identifying overvaluation and undervaluation, market efficiency would become a reality, price crashes would become a thing of the past, and our entire economy would function more smoothly.
feed twitter twitter facebook