Essay

EFB201 Essay – Possible Format

Introduction

- Brief background to market efficiency and behavioural finance and the

implications for your fund.

2. Discussion of Fama’s views

- Include research (e.g. journal articles) and real world examples (e.g. behaviour

of markets) that support or disagree with his arguments.

3. Discussion of Buffett’s views

- Include research (e.g. journal articles) and real world examples (e.g. what some

fund managers have done) that support or disagree with his arguments.

4. Conclusion on market efficiency and recommendations for the fund.