At a cocktail party, your co-worker tells you that he has beaten the market for each of

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At a cocktail party, your co-worker tells you that he has beaten the market for each of the last 3 years. Suppose you believe him. Does this shake your belief in efficient markets?

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Investments

ISBN: 9780073530703

9th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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Question Posted: Jan 04, 2013 07:52 AM

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At a cocktail party, your co-worker tells you that he has beaten the market for each of

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No markets can be efficient even if some investors earn returns above the market average Conside...View the full answer

Investments

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