Ocupation: Economist
Life: b. February 14, 1939
Birthday: February 14
The efficient market theory is one of the better models in the sense that it can be taken as true for every purpose I can think of. For investment purposes, there are very few investors that shouldn't behave as if markets are totally efficient.
source: "A Father of Modern Finance" by Rebecca Rolfes, www.chicagobooth.edu. 2013.
topic: Taken, Thinking, Purpose, Efficient Markets