Advances in Investment Analysis and Portfolio Management, Volume 9 (Advances in Investment Analysis and Portfolio Management)
Publisher: JAI Press
Published: July 1, 2002
Language: eng
Format: Hardcover
Number of pages: 432
ISBN-13: 9780762308873
Subjects: Investment & securities; Investments & Securities - General; Investment Finance; Business & Economics; Business / Economics / Finance; Business/Economics; Finance; History; Business & Economics / Finance
First sentence: The efficient markets hypothesis implies that stock market prices should follow a random walk and thus, stock returns should be unpredictable.