And here I am thinking markets are efficient because thats what...

And here I am thinking markets are efficient because thats what they teach at university

that is a theoretical starting point

and in many cases it is true

can u reject it because of the few cases it is incorrect?

or is wal merely subject to a listed investment co discount? compounded because its eggs are all in one basket - clr?

have a look at all the discount to NAV all listed investment vehicles trade at...then we can talk theory v reality