Beating the Market
You’ve heard it a million times: Nobody can beat the stock market, so just stash your investment dollars in index mutual funds and settle for “the average return.” Behind that nostrum is the so-called efficient market theory, which holds that stock prices already reflect all the available information about a company, making it impossible for anybody to get a leg up.
Efficient market theory no longer … [ Read more ]
Author: Robert A. Jaeger | Source: The Wilson Quarterly (Autumn2008) | Subjects: Articles & Links, Finance | Investing