he previously mentioned research finds that an investor with $100,000 in an equity mutual fund has the equivalent of a $2,500 bet on the election already.
Saved by Lucas Kohorst
what good is a prediction if you aren’t willing to put money on it?
The equilibrium proposed by Stiglitz is one in which some minimal profits are available to some investors. Efficient-market hypothesis can’t literally be true. Although some studies (like mine of mutual funds on E Trade) seem to provide evidence for Fama’s view that no investor can beat the market at all, others are more equivocal,87 and a few88 id
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