1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Articles (4624) 

Classic Buffett - Fortune (1983) Looks at Members of the 'Buffett Group' and the Efficient Market Hypothesis

April 03, 2013 | About:
Fortune - Buffett Group and the EMH

About the author:


Rating: 2.8/5 (4 votes)


Tonyg34 - 3 years ago    Report SPAM
as a theoretical aside...

Graham's idea of markets as a voting machine vs a weighing machine, and the entire premise of value investing in general requires that markets be efficient. In other words, if markets must revert to the mean (how value investors make money - buying cheap and selling at value) then markets must be efficient, because they self-correct.

Please leave your comment:

More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

User Generated Screeners

Bogdan BednarskiCSROE 2017
yasarkhanP/B and P/E and MKT
wwygeraGuru Buying #3
Bogdan BednarskiCSROE2008,ROIC 15-75,ROIC 5Y >
bdietzBook Growth Rate
pbarker46Median PS
Bogdan Bednarski4Star, ROIC Up Tr, ROIC > WACC
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)