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David Dodd and Benjamin Graham were renowned economists and investors, known for their value investing principles. They were mentors to Warren Buffett and several other successful investors. Their teachings emphasized on investing in companies that were undervalued by the market, a strategy that Buffett and his peers adopted to consistently outperform their competitors. This approach debunked the Efficient Market Hypothesis, which suggested that it was impossible for investors to consistently outperform the market.
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Despite his strategic rise, many people believe Buffett's success was a result of chance. In the mid-80's, a group of economists came up with the theory of "Efficient Market Hypothesis," to explain the reasons why it was impossible for someone like Buffett to consistently outperform his competitors. Buffett debunked their theory by naming eight peers who had the same type of performance, and who were mentored by David Dodd and Benjamin Graham.
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When a group of economists came up with the Efficient Market Hypothesis, to explain how it was impossible for multi-billionaire investor Warren Buffet...
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