If there are only a few investors who perform security analysis, and all others hold the market

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If there are only a few investors who perform security analysis, and all others hold the market portfolio, M, would the CML still be the efficient CAL for investors who do not engage in security analysis? Why or why not?

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ISE Investments

ISBN: 9781260571158

12th International Edition

Authors: Zvi Bodie, Alex Kane, Alan Marcus

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Question Posted: Mar 13, 2024 05:01 AM

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If there are only a few investors who perform security analysis, and all others hold the market portfolio, M, would the CML still be the efficient CAL for investors who do not engage in security...
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If there are only a few investors who perform security analysis, and all others hold the market

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