What Do Overpriced Index Funds Tell Us About Market Efficiency?

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  Many traders and investors acts as if markets are efficient, meaning that asset prices fully reflect all available information. We see this manifest itself in numerous ways — how prices rapidly adjust to new information and how few investors manage to beat the broader indexes by picking stocks or trying to time the market.…

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10 Weekend Reads

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Pour yourself a mug of French Roast, and settle into your favorite easy chair, and get ready for our longer-form weekend reads • Jamie Dimon on Finance: “Who Owns the Future?” (BloombergMarkets) • Alpha or Assets: Strategies should be built for alpha, not scale—but the asset management industry has gone in the opposite direction. (Investor Field Guide) • The…

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