Efficient Market Theory: A Contradiction Of Terms
Table of Contents
Table of Contents i
Abstract 2
Discussion 1-1
References A-1
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 mani ....
Word count: 754 - Page count: 3
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