Question: If the markets are efficient, then why is asset allocation still considered important? because the majority of market gains tend to occur only over long
If the markets are efficient, then why is asset allocation still considered important?
because the majority of market gains tend to occur only over long periods of time
because the riskreturn relationship must still be considered
because market timing is critical in efficient markets
because individual security selection is the key to the markets being efficient
because asset allocation combines market timing with individual security selection
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