Semi-Strong Form Efficiency

Finance a la shmoop what is the efficient markets theory well

there should just be a big picture of Warren Buffett right here it should be [Two men carrying a framed picture of Warren Buffett]

the man Warren explaining the efficient market theory himself and that theory

states that it's impossible to beat the market over a sustained period of time

it should be Warren Buffett who explains that all relevant information comes [Warren Buffett giving a presentation on stage]

public in public stocks and that the market more or less immediately

incorporates all that information in its pricing

hence nobody can ever beat the market over a long period of time so why should [Men falling asleep during a presentation]

Warren Buffett be giving this little definition because the efficient market

theory is wrong Buffett has beaten the market for decades in a row in every way [Warren Buffett beating up the market with a stick]

shape and form so you have a really memorable huge figure in finance this

guy and then pipsqueak professors who are kind of a laughing stock whenever the [Professor jumping on the microphone stand trying to talk]

wealthy power crowds gather in Omaha for their National Convention that's what

they say at the Woodstock of Finance if you will fortunately most people keep [Man with arms folded standing naked in a corridor]

their clothes on for this one