Business, 09.10.2019 20:00 audreymarie2940

The business writer michael lewis has quoted michael burry, a fund manager, as saying: "i also immediately internalized the idea that no school could teach someone how to be a great investor. if that were true, it'd be the most popular school in the world, with an impossibly high tuition. so it must not be true." do you agree with burry's reasoning? source: michael lewis, the big short: inside the doomsday machine, new york: w. w. norton, 2010, p. 35. a. no, according to the efficient markets hypothesis, attempting to beat average market returns is a futile exercise. b. yes, according to the adaptive markets hypothesis, if you could derive an adaptive model to forecast stock returns, it is possible to earn infinitely high profits. c. no, according to the adaptive markets hypothesis, attempting to beat average market returns is a futile exercise. d. yes, according to the efficient markets hypothesis, if you could derive an efficient model to forecast stock returns, it is possible to earn infinitely high profits.

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The business writer michael lewis has quoted michael burry, a fund manager, as saying: "i also imme...