I've read the books you listed, and whole heartedly agree with the Graham/Dodd/Buffet crowds with respect to fundamental analysis. However, I don't think this philosophy is mutually exclusive with the Efficient Market Hypothesis. I personally believe in a loose form of EMH, since it actually makes intuitive sense to me. A loose form doesn't mean that investors are SOL in terms of finding good investments; they just need to work much harder (doing all the things you outlined: reading and learning, constantly) to build a high margin of safety and refrain from speculating on high risk securities.

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