If markets were efficient we wouldn't see such enormous and consistent outsized returns from value investors of the Graham-Buffett school, as mentioned in anoth

If markets were efficient we wouldn't see such enormous and consistent outsized returns from value investors of the Graham-Buffett school, as mentioned in another HN thread today: https://www8.gsb.columbia.edu/articles/columbia-business/superinvestors https://www8.gsb.columbia.edu/articles/columbia-business/sup... The absoluteness of the efficient market hypothesis also leads to some interesting paradoxes that don't make much sense when you look at the real world: https://en.m.wikipedia.org/wiki/Grossman-Stiglitz_Paradox https://en.m.wikipedia.org/wiki/Grossman-Stiglitz_Paradox