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FYI: One of the great debates in finance is whether the source of the value premium is risk-based or behavioral-based. Many academics believe the value premium is actually an anomaly (in contradiction to the efficient markets hypothesis) and the result of persistent pricing errors made by investors. Regards, Ted http://www.etf.com/sections/index-investor-corner/swedroe-2-views-value-converge?nopaging=1
