Bubbles, and Credit Bubbles Investors that often outperform on the market such as Warren Buffett, institutional investors, and corporations trading in their own stock Certain consumer credit market prices don't adjust to legal changes that affect future losses Conclusion Financial market efficiency is an important topic in the world of finance. While most financiers believe the markets are neither efficient in the absolute sense, nor extremely inefficient, many disagree where on the efficiency line the world's markets fall. References Bibliography Davidson, Paul. Financial markets, money and the real world. Edward Elgar Publishing, 2002. Emilio Colombo, Luca Matteo Stanca. Financial Market Imperfections and Corporate Decisions. Springer, 2006. Frisch, Ragnar Anton Kittel. Econometrica. Econometric Society, JSTOR, 1943. Leffler, George Leland. The Stock Market. 2. Ronald Press Co., 1951. Marc, Levinson. Guide to Financial Markets. 3. Bloomberg Press, 2003. Peters, Edgar E. Fractal Market Analysis: Applying Chaos Theory to Investment and Economics. John Wiley and Sons, 1994. Teall, John L. Financial market analytics. Greenwood Publishing Group, 1999. Financial markets