Warren Buffett said, “I’d be a bum on the street with a tin cup if the markets were always efficient”. The Efficient Market Hypothesis (EMH) has drew flak from all corners when the concept was first introduced. The academics believe that the market is relatively efficient such that there is little or no chance for anyone to profit from it. The common analogy was that, if you see a $100 bill on the street, you should not pick it up. If it is real, someone would have picked it up. Is the market really efficient in that case? I put forth 6 points to question the hypothesis. #1 – Perfect knowledge is impossible EMH suggests perfect information. Humans guard secrets. No one has a complete information on something. Try it on your company CEO, I bet he don’t even have an idea what you are doing. If a company does ......