Value investing is predicated on the efficient market hypothesis being wrong. — Seth Klarman Copy Share Image
If I subscribed to the efficient market theory I would still be delivering papers — Warren Buffett Copy Share Image
Investment students need only two well-taught courses - How to Value a Business and How to Think About Market Prices — Warren Buffett Copy Share Image
What's so seductive about the efficient markets hypothesis is that it applies nine years out of ten. A lot of the time… — Niall Ferguson Copy Share Image
There is no other proposition in economics that has more solid empirical evidence supporting it than the Efficient Market Hypothesis... In the… — Michael Jensen Copy Share Image
The efficient market theory is one of the better models in the sense that it can be taken as true for every… — Eugene Fama Copy Share Image
Although efficient markets people still go around saying there is a "mountain" of evidence supporting their hypothesis, the truth of the matter… — Robert Haugen Copy Share Image
The possibility that stock value in aggregate can become irrationally high is contrary to the hard-form "efficient market" theory that many of… — Charlie Munger Copy Share Image
I have a name for people who went to the extreme efficient market theory-which is "bonkers". It was an intellectually consistent theory… — Charlie Munger Copy Share Image
To invest successfully, you need not understand beta, efficient markets, modern portfolio theory, option pricing or emerging markets. You may, in fact,… — Warren Buffett Copy Share Image
“Why did so many smart people believe these laissez-fairey tales? It’s a good question. Some of the blame surely goes to the… — Alan S. Blinder Copy Share Image
Berkshire's whole record has been achieved without paying one ounce of attention to the efficient market theory in its hard form. And… — Charlie Munger Copy Share Image
Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac's talents didn't… — Warren Buffett Copy Share Image
When I started eBay, it was a hobby, an experiment to see if people could use the Internet to be empowered through… — Pierre Omidyar Copy Share Image
“The adjective “efficient” in “efficient markets” refers to how investors use information. In an efficient market, every titbit of new information is… — Alan S. Blinder Copy Share Image
I don't entirely reject the idea of efficient markets. It needs updating. — Andrew Lo Copy Share Image
I am not well qualified to criticize the theory of rational expectations and the efficient market hypothesis because as a market participant… — George Soros Copy Share Image
The sad truth is that it is precisely those who disagree most with the hypothesis of efficient market pricing of stocks, those… — Paul Samuelson Copy Share Image
Seven habits that help produce the anything-but-efficient markets that rule the world. 1. Think short term. 2. Be greedy. 3. Believe in… — Paul Krugman Copy Share Image
In certain circumstances, financial markets can affect the so-called fundamentals which they are supposed to reflect. When that happens, markets enter into… — George Soros Copy Share Image
Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue… — Ben Bernanke Copy Share Image
Ben's Mr. Market allegory may seem out-of-date in today's investment world, in which most professionals and academicians talk of efficient markets, dynamic… — Warren Buffett Copy Share Image
