Abstract
In 1889, George Gibson wrote in The Stock Exchanges of London, Paris and New York that when “shares become publicly known in an open market, the value which they acquire may be regarded as the judgment of the best intelligence concerning them.” More than a century later, the finance literature still grapples with the significance of that simple statement.
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© 2013 Colin Read
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Read, C. (2013). The Theory. In: The Efficient Market Hypothesists. Great Minds in Finance. Palgrave Macmillan, London. https://doi.org/10.1057/9781137292216_14
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DOI: https://doi.org/10.1057/9781137292216_14
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-32435-4
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