Efficient Capital Markets

Efficient Capital Markets The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency. ~Bill Gates Read the article located in the Resources Folder: Fama, E. (1970), Efficient Capital Markets: A Review of Theory and Empirical Work. Written Assignment: Provide an 800-1000 word (body of paper only) count essay overview of the article and your assessment of efficient capital market theory and its relevance in todays markets. Include at least two outside sources in addition to the article. Use APA style. Include a title page and a reference page (do not include an abstract or a contents page).