I need a good summery of this article, and I need one page and half double spaced. article link: chrome://newtabhttp//online.wsj.com/article/SB100014240527487035736...

Article Summary: Efficient Market Theory and the Crisis
Summary
The concept of efficient market was introduced by Eugene Fama. He proposed an idea
that the investors compete aggressively with the public information, which might bid away its
value for earning additional returns. Through this, they are able to incorporate prices of the stock
in the market.
The competition between the investors results in the efficient market i.e. the market
where the prices of the stocks frequently reflects new information, and the investors are not able
to have consistent return. If the market is efficient, then the investors are able to acquire adequate
return on their investments which helps in compensating for the time value of money and the risk
that is borne by the investors.
There are three forms of the market efficiency i.e. Weak form, semi strong form, and
strong form of the market. Weak form of the market is where the prices of the stock are reflected
on the past. The analysis of the market is based on the past trend which makes it nearly
impossible for the investor to earn higher returns on their investments. The semi strong form of
the market is based on the published information, which makes it impossible for the investor to
earn the earn consistent return as the returns...