How the stock market reacts to news
With so many people waiting for others to make the first move, it’s amazing that anything gets bought.
inefficient markets
The rise of passive investing and opportunities for active investors
The rise of passive investing and systematic investing may lead to greater stock market inefficiency. It will have little negative impact on active investors.
The conventional view of market efficiency is badly mistaken
Prices in the stock market are never a reliable guide to the fair value of a stock.
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