RE:RE:Is the market efficient? - NoIn on the guessing game but first
Great post TLV and I can see it comes from a professional financial designation.
1) wrt to EMH.....you actually prove the effect of one simple statement made by Friedrich Hayek that to me disproves the Theory
Friedrich Hayek--Knowledge is imperfectly distributed
2) boring businesses are awesome. Someone once desribed "them" to me as "pumps and valves businesses". It is one of the reasons I have a large holding in Chemtrade.. There is nothing sekc about these kinds of business ...just continuous demand and cash flow ....so my guess that adds to the mix (if Quebec is right) says this company's initials are RH.
3) what gives me sooooo much comfort in GH is that i seem to be amidst my "own kind" so to speak. Financial professionals, courteous, client oriented, who are willing to reciprocate when treated well. I'm a semi retired CPA myself and grateful to the regulars here for educating me on GH
Have a good week all