Ben Graham On The Efficient Market Theory And The Manic Depressive …

In 1974, the great financial analyst Benjamin Graham wryly described the efficient-market hypothesis as a theory that “could have great practical importance if it coincided with reality.” Mr. Graham marveled at how Avon Products, which traded at $140 a share in 1973, had sunk below $20 in 1974: “I deny emphatically that because the market has all the information it needs to … 4 Key Questions to Ask Financial Planners · My Investment Philosophy · Common Investing Goals …

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Ben Graham On The Efficient Market Theory And The Manic Depressive …