I think the real problem is that they are never explained the EMH during their lunch hour. Instead they hear about other doctor's winning investments, and it creates a stupidity cycle. I am pretty sure if I asked about investing at any tech company during lunch, someone would explain EMH to me. I could be wrong.
I personally don't believe markets are always efficient, but I always think from the perspective of why I think the market is right or wrong.
I think a better way of describing the market is as a competitive game. Roger Federer may not play tennis "perfectly" -- what would that even mean? -- but you know what's going to happen if you or I step out onto the court with him.
I personally don't believe markets are always efficient, but I always think from the perspective of why I think the market is right or wrong.