Explaining the efficient market hypothesis

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Write an essay explaining the efficient market hypothesis and discuss the extent to which you agree with Hagstrom’s view that Warren Buffer’s investment performance represents a serious challenge to the efficient markets hypothesis (EMH).

“The success of some individuals who continually beat the major indices – most notably Warren Buffet – suggests that the efficient market theory is flawed.” (Hagstrom, 1995).

Reference no: EM131904269

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