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Exact(60)
Years later I studied his work demonstrating that stock prices are efficiently priced and concluded that his notion was wrong.Sometimes markets are efficient, sometimes they are not, and it is not possible to know which is which.
"I'm not saying markets are efficient.
If markets are efficient, why bother?
To economists, financial markets are efficient price discovery mechanisms.
The first (Fama) is that financial markets are efficient.
As a narrative, climate change is almost as simple as "Markets are efficient".
That was exactly what you would expect if markets are efficient".
In other words, you ought to act as if the markets are efficient".
THOSE who believe that markets are efficient should avoid looking too closely at China.
Presumption there is a lot of information, markets are efficient, etc.
If markets are "efficient" you shouldn't see significant differentials in returns across similar kinds of "assets".
More suggestions(16)
development are efficient
markets are embryonic
markets are turbulent
markets are regional
markets are fragile
markets are closed
markets are ill
markets are risky
markets are open
markets are heartless
markets are jittery
markets are calm
markets are rigged
markets are resilient
markets are social
markets are buoyant
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com