Efficient Market Theory A Contradiction of Terms
Title: Efficient Market Theory A Contradiction of Terms
Category: /Literature/English
Details: Words: 543 | Pages: 2 (approximately 235 words/page)
Efficient Market Theory A Contradiction of Terms
Category: /Literature/English
Details: Words: 543 | Pages: 2 (approximately 235 words/page)
Abstract
According to the Efficient Market Theory, it should be extremely difficult for an investor to develop a "system" that consistently selects stocks that exhibit higher than normal returns over a period of time. It should also not be possible for a company to "cook the books" to misrepresent the value of stocks and bonds. An analysis of current literature, however, indicates that companies can and do "beat the system" and manipulate information to make
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showed last 75 words of 543 total