Short answer

1.The second key to fundamental analysis being successful is that "the market has to eventually realize the company's true value." Why is this so important? What factors make the second step difficult?

2.If money managers use the technique discussed in the study to trade on the mispricing to the point that it vanishes, does that help support the efficient market hypothesis?

3.many people have tried to replicate Warren Buffett's success. Why do you think Buffett is still so successful and a new "Buffett" hasn't come along yet?