The efficient market theory argues that all available pricing information is immediately reflected in a stock's current pricing. Certainly, the impact of technology and the internet in the rapid dissemination of information available to investors has had a significant impact on the transparency of market pricing.

For this discussion, students are asked to choose one investment approach: active or passive. Based on your understanding make an argument for one style. Include the role of bond investments in your selected approach. The argument must be detailed.