Thanks for the link, that's a really interesting article about the Shiller vs Fama debate, though I'm not sure I agree with the conclusion that EMH is fundament

Thanks for the link, that's a really interesting article about the Shiller vs Fama debate, though I'm not sure I agree with the conclusion that EMH is fundamentally sound - irrational mispricing a la Shiller seems to me much more plausible than some sort of rational pricing of systemic risk as an explanation for the extreme oscillation of prices around the expected value from future returns.