Buffet on EMT, ' Modern Portfolio theory tells you how to be average. But I think almost anybody can figure out how to do average in the fifth grade.' Hagstrsom, ' Nonethless, EMT is still religiously taught in business schools, a fact that gives Buffett no end of satisfaction.' Buffett, ' Naturally the disservice done to students and gullible investment professionals who have swallowed EMT has been an extraordinary service to us and other followers of Graham. From selfish standpoint, we should probably endow chairs to ensure the prepetual teaching of EMT."