Efficient Capital Markets Explained

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 - https://www.jstor.org/stable/2325486?...
Louis Bachelier's Theory of Speculation: The Origins of Modern Finance - https://www.amazon.com/dp/B007AIXHAA
Efficient Capital Markets - https://www.econlib.org/library/Enc/E...
On Persistence in Mutual Fund Performance - https://onlinelibrary.wiley.com/doi/f...
Eugene Fama - https://www.econlib.org/library/Enc/b...
Buffett's Alpha - https://papers.ssrn.com/sol3/papers.c...
Profitability, investment, and average returns - https://finpko.ku.edu/myssi/FIN938/Fa...

------------------
Follow Ben Felix on
Twitter:   / benjaminwfelix  
LinkedIn:   / benjaminwfelix  

Visit PWL Capital: https://www.pwlcapital.com/teams/pass...
PWL Capital Blog Post: https://www.pwlcapital.com/efficient-...

Follow PWL Capital on:
Twitter:   / pwlcapital  
Facebook:   / pwlcapital  
LinkedIn:   / pwl-capital  

You can find the Rational Reminder podcast on
Google Podcasts:
https://www.google.com/podcasts?feed=...
Apple Podcasts:
https://itunes.apple.com/ca/podcast/t...
Spotify Podcasts:
https://open.spotify.com/show/6RHWTH9...
------------------