Benjamin Graham thought that the benefits from detailed analysis of a firm's financial statements had ________ over his long professional life.
A) increased greatly
B) increased slightly
C) remained constant
D) decreased

Question

Quizplus · Accepted Answer

In his later years, Benjamin Graham believed that the benefits from detailed analysis of a firm's financial statements had decreased. He felt that the markets had become more efficient and that information was more widely available, making it more difficult for investors to find undervalued companies.

Benjamin Graham Thought That the Benefits from Detailed Analysis of a Firm's