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As you flip through The Wall Street Journal you notice advertisements by investment firms wanting to sell you their products. Common among all of the
As you flip through The Wall Street Journal you notice advertisements by investment firms wanting to sell you their products. Common among all of the ads is the claim that the firm has a track record of performing above average. Explain how they can all be above average. I mean, it seems like ALL of these firms have "beat the Market!" Is this inconsistent with the efficient markets theory?
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