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Stock Investing > Finance Professor

Q&A: Is Market Efficiency the Culprit? - Fama/French Forum

Mahar | Wed, 11/04/2009 - 2:15pm |  Add a comment

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Q&A: Is Market Efficiency the Culprit? - Fama/French Forum: "Most investing is done by active managers who don't believe markets are efficient. For example, despite my taunts of the last 45 years about the poor performance of active managers, about 80% of mutual fund wealth is actively managed.
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