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TIP484: How Warren Buffett Became the Greatest Investor to Ever Live (Part 2)
We Study Billionaires - The Investor’s Podcast Network
The Efficient Market Hypothesis
Buffett's success caught the attention of many academics who believed that the modern day market was efficient and no one was expert enough to beat it. If markets actually were efficient, there isn't any chance that Buffett would have been successful as he was. The proponents of the efficient market hypothesis believe that anyone who did beat the market was no different than a lucky monkey picking stocks thrown at a dartboard that just happened to do well. I personally believe that to be false, however, I also believe that most people probably aren't cut out to try and outsmart the market and beat it without putting in the necessary time and attention to do so.
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