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in order to achieve a relatively attractive return stream, warren buffet buys stocks that are safe (with low beta and low volatility), cheap (value stocks

in order to achieve a relatively attractive return stream, warren buffet buys stocks that are safe (with low beta and low volatility), cheap (value stocks with low price-to-book ratios), and high-quality (meaning stocks that are profitable, stable, growing, and with high payout ratios). What form of the efficient market hypothesis does this violate?

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