After looking at your year end investment statements you become angry at the amount you are paying your financial advisor to pick stocks in your portfolio. You decide to use the knowledge gained in Finance 210 to pick your own. Adapting a drinking game you used to play in college you have two TV's on at the same time. On one you have the Smurf Movie playing and on the other stock quotes scroll from the BNN network. Each time one of the characters in the smurf movie says the word "smurf", instead of taking a drink, you carefully record the stock that is showing on the other screen and purchase it. How would this strategy compare to paying your expert to pick stocks? Be sure to reference the appropriate form of market efficiency in your answer.
