Random Walk To Nowhere, A: How The Professors Caused A Real &quote;Fraud-on-the-market&quote;

This book is about an intellectual fraud, one that has become part of legal doctrine that has greatly influenced decisions all the way up to the United States Supreme Court. The ''efficient market hypothesis'' (EMH), born from the Random Walk theory, started out as an honest attempt to improve insights into how financial markets work, but eventually became almost a religion that every financial ec...