on value investing

[wheeler]

My poker winnings are now large enough that I need to learn about investing. I've been reading all the posts about value investing by Desertcat and others and I must say you've convinced me that this is the way to go.

But I have a lot of learning to do first. I ordered the recommended books on value investing (The Intelligent Investor, Security Analysis, Valuation: Measuring and Managing the Value of Companies) from the other book thread. What I'm looking for now are

(1) a recommendations of the best writing critical of value investing, perhaps caveats for newcomers, the difficulty of beating an efficient market, etc., and

(2) a general introduction to how the markets work. Assume I know nothing (never had much money before).

I have a physics/comp sci ph.d. so do not be afraid to recommend something technical. Thanks.