The weak form efficiency suggests that today’s stock prices reflect all the data of past prices. This means that all past information is priced into securities.
This means that Stephen will make excess profits making use of the securities or portfolios that is available over a period of time. This is possible simply because of the failure of weak form efficiency.
Answer:The Texas oil boom, sometimes called the gusher age, was a period of dramatic change and economic growth in the U.S. state of Texas during the early 20th century that began with the discovery of a large petroleum reserve near Beaumont, Texas.
