This book is the absolute must-read to understand the predominant financial theory of the past thirty years: the stock market is efficient, and that efforts to beat the market, either through fundamental or technical analysis are futile. Personally, I believe that markets are not completely efficient due to the lack of rationality of either individuals or crowds. However, understanding efficient market theory is the cornerstone to understanding modern markets, so this book is basically a must-read. If it doesn’t convince you, at minimum, it will leave you with a strong bias against any “easy” way to make money off the stock market.
Daffy