Quote from: Goomboo on June 25, 2014, 10:29:58 PM

If you're looking to see what the average financial academic says about trading and investing, here's a place to start:

Read A Random Walk Down Wall Street
Learn the different forms of market efficiency
Balance market efficiency with behavioral finance

Once you've read/studied the above, you'll have a pretty good grasp of where the typical academic stands.

It is a little bit offtopic, but I am really amused by finding this text in the wiki paper you have recommended on the efficient market hypothesis (EMH):

Quote

Economist John Quiggin has claimed that "Bitcoin is perhaps the finest example of a pure bubble", and that it provides a conclusive refutation of EMH.[36] While other assets used as currency (such as gold, tobacco and U.S. dollars) have value independent of people's willingness to accept them as payment, Quiggin argues that "in the case of Bitcoin there is no source of value whatsoever" and that:
"Since Bitcoins do not generate any actual earnings, they must appreciate in value to ensure that people are willing to hold them. But an endless appreciation, with no flow of earnings or liquidation value, is precisely the kind of bubble the EMH says can’t happen."