Despite advances in technology, the markets remain inefficient as ever and are prone to periods of o...
Despite advances in technology, the markets remain inefficient as ever and are prone to periods of overreaction and irrationality, Agustin Sevilla, chief investment officer at Axa Rosenberg Investment Management, has claimed. He said: "As market participants become more sophisticated and information is propagated faster, you would think there would be increased efficiency in the market, making it difficult for active managers looking to outperform. However, the evidence indicates otherwise." He noted well-known strategies that remained popular included earnings/price, where stocks are s...
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