“This quote from Fama is the one John Foley needs to hear: “If prices are obviously wrong then you should be rich.” “I believe markets have gotten less efficient over the 34 years since the data in my dissertation ended. I believe it’s likely happened for multiple reasons but technology, gamified 24/7 trading on your phone, and social media in particular are the biggest culprits.” https://lnkd.in/eb_2K7P9