Describe the paradox of active fundamental analysis.
Answer to relevant QuestionsDescribe the importance of a "catalyst" in the context of fundamental analysis. Do you think analysts' efforts around the April 2012 Amazon announcement were consistent with the efficient markets hypothesis? Explain your reasoning. Describe Keynes' view of how people form their expectations regarding future events. What type of cognitive error identified by behavioral finance corresponds to Keynes' observations? What type of stocks and are emphasized in Morgan Stanley's Global Equity Growth investment policy statement? Explain the idea conveyed by the Capital Asset Pricing Model (CAPM).
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