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Book-to-market anomaly (the fact that one can make positive alphas by buying high book-to-market stocks and shorting low book-to-market stocks) is evidence against active portfolio

Book-to-market anomaly (the fact that one can make positive alphas by buying high book-to-market stocks and shorting low book-to-market stocks) is evidence against

active portfolio management.

fundamental analysis.

technical analysis.

the semi strong-form efficient market hypothesis.

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