As you fl ip through The Wall Street Journal , you notice advertisements by investment fi rms
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As you fl ip through The Wall Street Journal , you notice advertisements by investment fi rms that want to sell you their products. Common among all of the ads is the claim that the fi rm has a track record of performing above average. Explain how they can all be above average. Is this inconsistent with the effi cient markets theory?
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Related Book For
Money Banking And Financial Markets
ISBN: 9780073375908
3rd Edition
Authors: Stephen Cecchetti, Kermit Schoenholtz
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