The Efficient Market Theory and Evidence: Implications for Active Investment Management by Andrew Ang, William N. Goetzmann, Stephen M. Schaefer

The Efficient Market Theory and Evidence: Implications for Active Investment Management

Foundations and Trends(r) in Finance

Andrew Ang, William N. Goetzmann, Stephen M. Schaefer

100 pages missing pub info (editions)

nonfiction business economics informative medium-paced
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The efficient market theory asserts that the price of a security reflects all available information about its fundamental value. A consequence of the theory is that it is impossible to consistently beat the market and speculation must be a loser's...

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