Each year the financial media publishes lists of the top-performing mutual fund managers. And every year there

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Each year the financial media publishes lists of the top-performing mutual fund managers. And every year there are some fund managers who earn much higher returns than the market average, and in some cases they do so without taking above-average risk. Is this inconsistent with the efficient markets hypothesis?

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Fundamentals Of Investing

ISBN: 9780135175217

14th Edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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