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The Old Ideas on Saving & Investing Don't Work -- Here's What Does

Valuation-Informed Indexing #632: Discussions of Market Efficiency Are Themselves Not Efficient

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I’ve posted Entry #632 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called Discussions of Market Efficiency Are Themselves Not Efficient.

Juicy Excerpt: We don’t know. Would that not be fair to say? We kinda, sorta think that the stock market is kinda, sorta efficient. At least we very much want to believe that. But those statements quoted above suggest that we entertain doubts. If we once possessed a high degree of certainty that the market is efficient, that certainty is gone today.