A columnist on barrons.com notes that all possible knowledge about the 500 biggest stocks is fully discounted

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A columnist on barrons.com notes that "all possible knowledge about the 500 biggest stocks is fully discounted in their prices." Therefore, he concludes, "passive ownership of that broad index beats active stock picking."

How does the second quoted excerpt from the column follow logically from the first quoted excerpt?

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Equity Asset Valuation

ISBN: 978-0470571439

2nd Edition

Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe, Abby Cohen

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Posted Date: Mar 17, 2024 05:58 AM

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A columnist on barrons.com notes that all possible knowledge about the 500 biggest stocks is fully discounted

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The second quoted excerpt logically follows from the first because If all possible knowledge about t... View the full answer

Equity Asset Valuation

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