Practitioner's Brief: Friction Key to Exploiting Stock Market Inefficiencies

Tom Berry    Söhnke M. Bartram, Mark Grinblatt
29 Oct 2017
Categories: Fundamental Analysis, Investment Management, Equity Investments

Country: Asia Pacific (Overall)

Summary:
WHAT IS THE INVESTMENT ISSUE? The paper is one of a handful that seeks to address why some markets are less efficient than others. Although it is conventional wisdom, this premise is not universally accepted. Some academic research papers support the concept that developed markets are no more efficient than emerging markets. ......


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