Quotes on EMT

Buffett quotes on Efficient Market Theory (EMT), The market is generally fairly efficient in evaluating asset classes, but not always efficient in valuing specific businesses. Source: BRK Annual Meeting 1999 ———————– [My experience] has given me a jaundiced view of academia generally. Efficient market theory—that everything is priced appropriately—is bunk. There’s a certain degree to […]

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