Scenario: You are hanging out with your friends at the local coffee shop when the topic of investing is brought up. Given that you are studying investment portfolio management, you listen as your friends discuss various view points on the stock market and investing. One friend mentions that they do not trust Wall Street, while another boasts about a stock they just bought that is a “sure thing”. Then one of them asks you; “What do you think?…”In first person and conversational manner; present your views regarding investor bias and argue the efficiency of securities markets to your friends. Specifically identify common investor fallacies and fears that contribute to market volatility. Your report should be a minimum of 2 written pages.