korents

The stock market has become less informationally efficient over the past thirty-plus years, particularly in the relative pricing of common stocks over medium horizons.

open-ended posted by Cliff Asness · 3 Sept 2024

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  1. 3 Sept 2024

    Cliff Asness quoted

    I argue that over the past 30+ years markets have become less informationally efficient in the relative pricing of common stocks, particularly over medium horizons.

    The Less-Efficient Market Hypothesisaqr.com