Question
2) According to the Efficient Market Hypothesis, smart investors are supposed to stabilize the market. How is it possible that in the Game Stop's rally
2) According to the Efficient Market Hypothesis, "smart" investors are supposed to stabilize the market.
How is it possible that in the Game Stop's rally "naive" investors outsmarted "smart" investors?
Which theoretical approach to financial markets can explain this behavior, and how?
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Financial Markets And Institutions
Authors: Jeff Madura
9th Edition
1439038848, 978-1439038840
