Question
A columnist on barrons.com notes that all possible knowledge about the 500 biggest stocks is fully discounted in their prices. Therefore, he concludes, passive ownership
A columnist on barrons.com notes that "all possible knowledge about the 500 biggest stocks is fully discounted in their prices." Therefore, he concludes, "passive ownership of that broad index beats active stock picking."
How does the second quoted excerpt from the column follow logically from the first quoted excerpt?
Step by Step Solution
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Step: 1
The second quoted excerpt logically follows from the first because If all possible knowledge about t...
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Equity Asset Valuation
Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe, Abby Cohen
2nd Edition
470571439, 470571438, 9781118364123 , 978-0470571439
