Part one of term paper
: A Contradiction of Terms Daniel W. L. Wung Baker College Center for Graduate Studies Table of Contents Table of Contents i Abstract 2 Discussion 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 th ...

Part two of term paper
... An understanding of the underlying inefficient “human” factors in the market equation is necessary in order to account for the flaw in Efficient Market Theory. Efficient Market Theory: A Contradiction of Terms Efficient Market Theory (EMT) is based on the premise that, given the efficiency of information technology and market dynamics, the value of the normal investment stock at any given time accurately reflects the real value of that stock. The price for a stock reflects its actual underl ...