Ben Felix | Efficient Capital Markets Explained @BenFelixCSI | Uploaded November 2019 | Updated October 2024, 1 hour ago.
In every one of my videos I tell you things that hinge on one of the landmark ideas in financial economics, the efficiency of the capital markets. As fundamental as market efficiency is to good financial decision-making, it is poorly understood by most investors.

Referenced in this video:
Efficient Capital Markets: A Review of Theory and Empirical Work - jstor.org/stable/2325486?seq=1#metadata_info_tab_contents
Louis Bachelier's Theory of Speculation: The Origins of Modern Finance - amazon.com/dp/B007AIXHAA
Efficient Capital Markets - econlib.org/library/Enc/EfficientCapitalMarkets.html
On Persistence in Mutual Fund Performance - onlinelibrary.wiley.com/doi/full/10.1111/j.1540-6261.1997.tb03808.x
Eugene Fama - econlib.org/library/Enc/bios/Fama.html
Buffett's Alpha - papers.ssrn.com/sol3/papers.cfm?abstract_id=3197185
Profitability, investment, and average returns - https://finpko.ku.edu/myssi/FIN938/Fama%20French_Profitability%20Investment%20%26%20Avg%20Returns_JFE_2006.pdf

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