Course 502:
Efficient Market Theory
In this course
1 Introduction
2 What Efficient Market Theory Is
3 The Conclusions of Efficient Market Theory
4 Strikes Against Efficient Markets Theory
5 The Upshot

Given the seemingly nonsensical price swings in the stock market, it's hard to believe that anyone could call the stock market "efficient." Yet that's exactly what Burton Malkiel did in his 1973 book, A Random Walk Down Wall Street.

This course explains what efficient market theory is, explores the arguments against it, and shows what the theory has to do with your portfolio.

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