Efficient Market Hypothesis
topic on 2 shows · 2 statements across 2 episodes
the Knowledge Project 
Capital Allocators
2 statements about Efficient Market Hypothesis, every show
Klarman: Academic Efficient Market Theories Break Down in Real-World Trading
“The academic idea was logical that there are transaction costs, and there are a lot of competitors, and even when there aren't that many, even one competitor can reprice a mispricing. But had they chosen instead to sit down at the trading desk of mutual shares…”
Greenblatt: Wide 52-week price swings disprove efficient market hypothesis
“And so they would show every single stock really, the high for the year was a hundred, the low for the year was 42. And every year that happened for every stock. And it didn't make sense to me that the value of the business was right at all those times. And in…”