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MMPRuser

02/10/18 2:58 PM

#69148 RE: joe bob1 #69145

those look extremely interesting, i disagree with the idea that 'we cannot predict'. I am a proponent of determinism but want to read these books for sure!

what do you think of the efficient market hypothesis? Is there a way to beat the market or is it all random chance?

http://www.businessinsider.com/warren-buffett-on-efficient-market-hypothesis-2010-12

I’m convinced that there is much inefficiency in the market. These Graham-and-Doddsville investors have successfully exploited gaps between price and value. When the price of a stock can be influenced by a “herd” on Wall Street with prices set at the margin by the most emotional person, or the greediest person, or the most depressed person, it is hard to argue that the market always prices rationally. In fact, market prices are frequently nonsensical.”

Buffett