Strategic Planning Done the Right Way - Stern Value Management

Strategic Planning Done the Right Way

2/12/2015

A common misconception is that “free market” proponents – and their most recognized advocate, Eugene Fama, Nobel Prize laureate – believe that stock markets are perfect. This is false. Markets are not perfect, but as Fama proclaims, they are relatively efficient. Acknowledging that markets are efficient is important: a relatively efficient market can provide information



Go Back