I’ve added Podcast #27 to the “RobCasts” section of the site. This one is called The Efficient Market Theory is a Big Bunch of Hooey.
Investing “experts” have known that the Efficient Market Theory is full of holes for a long time. It’s time that they begin sharing what the academic literature has been saying for decades with the middle-class investors who are suffering large financial losses as a consequence of the advocacy of investing ideas rooted in this theory.
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