Question
My friend recommends an actively managed mutual fund to me. However, after I learned the Efficient Markets Hypothesis (EMH), I start to think about whether
My friend recommends an actively managed mutual fund to me. However, after I learned the Efficient Markets Hypothesis (EMH), I start to think about whether to buy the fund or not.
What are the implications of EMH to my investment decision or strategy.
Also, if there are some examples to illustrate the arguments and justify the conclusion, it would be great.
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International Financial Management
Authors: Cheol Eun, Bruce G. Resnick
8th edition
125971778X, 978-1259717789
