The efficient market hypothesis is based on the notion that ... future market values of individual securities, and where important current information is almost freely available to all ...

"First and least important," Cashin wrote ... And so in this view, Cashin is broadly taking a swipe at the efficient-market hypothesis, a school of thought that basically argues that markets ...

But, my take is that it was also a big win for behavioral finance by disproving the efficient market hypothesis. Penn State Throws Away Orange Bowl Against Notre Dame Before They Were Icons ...

“The Less-Efficient Market Hypothesis.” Asness’s article — forthcoming in the Journal of Portfolio Management — amounts to a ...