Efficient Market Hypothesis: Is the Stock Market Efficient
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...stock prices by analysing information and so beat the market (Christine, 2008). Some of them, including Peter Lynch, Warren Buffet, and Bill Miller, have outperformed the market over long periods. The success of those investors, which is difficult to attribute to pure luck, contradicts EMH. At the same time, EMH has become less universally accepted in the academic community. Some researchers dispute that the market may not behave consistently with EMH. For example, most stock exchanges crashed in October 1987 at the same time. It is impossible to explain such a scale of price changes by reference to any information or news at the time. The works... ?Running Head: Efficient Market Hypothesis: Is the Stock ...