2. Technological changes have decreased the cost and increased the speed of information dissemination in security markets.

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2. Technological changes have decreased the cost and increased the speed of information dissemination in security markets. Why might one suspect that firms following a "traditional" approach to investment management would find it increasingly difficult to generate "positive alphas" (that is, to identify and acquire underpriced securities) in this environment?

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Investments

ISBN: 9788120321014

6th Edition

Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey

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