1. Discuss the implications of EMH for the (a) use of (a) fundamental analysis and (b) technical analysis.
2. You just landed a big job as security analyst and portfolio manager with a Uwin Inc. After having a successful trading day, you go out with your boss to the local bistro for a celebratory drink(s). After a few stiff ones, you and a young MBA from ULV argue vehemently for the strong form of EMH. Your boss’s eyes narrow and dark smoke begins bellowing out of his nasal and other passages. You leave the bar in cold sweat and while driving home to your luxury apartment ponder your boss’s reaction to your argument and wonder whether you will fired the next day. Assuming you are a good ponderer, ponder in your answer your ponderings. (Bo computations required; unless you want to. Just some (very little) thinking needed).