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Barry Ritholtz: Overpriced Index Funds Won't Go Away
FYI: 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. Regards, Ted http://www.bloombergview.com/articles/2016-04-22/the-mystery-of-why-costly-index-funds-survive
