Qualification to the Efficient Market Value

Although the efficient-market view has been the canon of finance in economics and business, many believe
jhat it is oversimplified and misleading. Here are some of the reservations.

Some people are quicker and smarter than others. Some have much money to spend on info action that ascertainment about the future. Doesn’t it stand to reason that they · will make higher There are many such people competing against each to The Rock fellers can buy the best financial counsel there is. But so can pension funds, university endowments, and large banks. Competition provides . the checks-and balances of efficiency and ensures minimal excess profits. Studies show that few outstanding investors outperform the market year in and year out, although some poorly managed funds with high turnover can show perennial poor yields for investors.

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