<p>“Behavioral finance offers compelling evidence against EMT.”</p>
<p>Oh really? Since when? Example please, for such a bold statement?</p>
<p>FWIW, I’ll avoid an argument regarding whether Fama was first or the most important in his efforts. These are not arguments worth spending time on, especially when answers involve value judgements. CB, you may feel Fama’s work was neither first nor significant. Fine.</p>