Question
Explain what it means to beat the market. Why do many individuals -- both academic and nonacademic -- believe that such is not systematically possible?
Explain what it means to beat the market. Why do many individuals -- both academic and nonacademic -- believe that such is not systematically possible? Please be thorough. What may move you to temper this view? Be very detailed on your explanation?
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
8th edition
013342362X, 978-0133423624
