[lbo-talk] "Bedlamite economics" and the EMH

[c b]

“I continue to believe the EMH is a solid view of the world for almost
all practical purposes. But it's pretty clear I'm in the minority. If
the EMH took over the investment world, I missed it.”
http://www.dimensional.com/famafrench/2009/11/qa-is-market-efficiency-the-culprit.html

Ted

^^^^^^^

CB: Certainly  interesting if "most investing is done by active
managers who don't believe markets are efficient."

Why does the person quoted above beliieve the EMH is a solid view of
the world , then ?