1-Is the “Efficient Market Theory” still viable and reliable in today’s market? • Do alternatives exist? • Has it been changed and/or undermined by changes to the markets? Question 2-You are a money manager and have been asked to formulate a portfolio for clients today: (Pick one scenario or create your own) 1. Who are in their mid-20s and want to invest for their retirement at age 65 a. Long term risk, return and opportunity b. Fossil fuels will not be used as much-investment implications c. Index-ride it out 2. Who are in their mid-20s and want to buy a house a. Fixed income? Maybe safe blue-chip stocks 3. Who are 62 years old and would like to retire in 5 years a. Fossil fuels may still be a part of the portfolio, initially b. Returns on fixed income? 4. Who are 30 years old with two children ages 3 and 6 and want to save for college tuition What factors, trends, e.g., demographics, regulatory, political, etc. do you need to consider today when allocating assets and creating a portfolio?