- 135
- 10
- Joined
- Oct 23, 2005
I don't doubt that there are people who beat the market more than others, but I'd consider them the exceptions rather than the rule. There are always outliers and I have not seen anything strong enough to refute the semi-strong form of the EMH. You should check out the book "When Genius Failed" ...
Amazon product ASIN 0375758259
As far as Buffet, he gained most of his wealth through investing in under-valued businesses, not stocks. He's unique in the fact that when he likes a company, he buys a large interest, often firing management and replacing them with his own. Therefore, it's his business-sense that made him wealthy.
That is is not true at all. Buffet never fires management. He is known for keeping the company intact and rarely even speaking to management. Also his stock picks have beaten the market for decades, so how can you say fundamental analysis don't work when it worked for him for 20+ years straight? And its not just him, there are more people who consistently beats the market, he is the most famous so I use him. BTW I already read that book.