As a critic of efficient market theory, I believe that the market presents investment opportunities to investors that will outperform the market over the long-term on a somewhat regular basis. The hard part is dedicating the time necessary for finding such investments.
If the efficient market theory was absolutely correct, there would be no legendary investors that have made themselves and others rich while trouncing the broader market, such as Warren Buffett, Peter Lynch, and Seth Klarman.
Today, I'll be discussing why I believe The GEO Group (GEO) could deliver significant alpha for