Salute to the Deficient Market Hypothesis

Margin of Safety is delighted to have a post featured in the Festival of Stocks (Edition #5). The current edition is hosted by the kind folks at Value Discipline, a blog which celebrates value thinking and is a salute the common sense and straightforward logic. Value Discipline is run by Rick, a portfolio manager of institutional portfolios for over 25 years. Rick considers our recent post on the Deficient Market Hypothesis as providing "terrific insight" into the mantra of value investors. We thank Rick for his kind words and trust that our regular readers will find Value Discipline and the other posts shortlisted in this edition of the Festival of Stocks as highly enjoyable reading.