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MoneySense magazine Canadian Business magazine PROFIT magazine

efficient market theory

  • Efficient Market Theory and Indexing

    By / Online only, 14/04/08 / 47

    A good definition of efficient markets can be found in a paper by Eugene Fama titled Random Walks in Stock Market Prices: An “efficient” market is defined as a market where there are large numbers of rational profit-maximizers actively competing, with each trying to predict future market values of individual securities, and where important current [...]