Marketing efficiency

Описание: Golda Sharon R V D
2019003036
In this video we will take a look at the concept of market efficiency and the three forms of market efficiency.
The main idea behind the efficient market hypothesis is that the prices of traded assets already reflect all publicly available information – making it impossible to “beat the market” by systematically outperforming it over time.

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This video gives an overview of the concept of Market Efficiency. It provides a brief description of the key terms and concepts including technical analysis, fundamental analysis, information asymmetry, behavioral finance, and the three levels of Efficient Market Hypothesis. You'll enjoy it :-)
The implications of market efficiency for investors are sweeping. If asset prices always fully reflect available information, there are only two ways to profit: by taking a risk that has been priced into the market, which can be done cheaply with an index fund. If the market is not efficient, then it should be possible to profit by consistently selecting undervalued stocks, and timing the market.

Referenced in this video:
the Efficient Market Hypothesis (EMH) - https://rationalreminder.ca/sensible-...
The Performance of Mutual Funds - https://onlinelibrary.wiley.com/doi/f...
Do Low-Volatility/Low-Beta ETFs Make Sense? - https://www.pwlcapital.com/do-low-vol...
On Persistence in Mutual Fund Performance - https://www.jstor.org/stable/2329556?...
Luck versus Skill in the Cross-Section of Mutual Fund Returns. - https://onlinelibrary.wiley.com/doi/a...
The Efficient Market Hypothesis and Its Critics - https://eml.berkeley.edu/~craine/Econ...
Interview with Eugene Fama - https://www.newyorker.com/news/john-c...
The Superinvestors Of Graham-and-Doddsville - https://www8.gsb.columbia.edu/article...
Betting Against Beta - https://www.aqr.com/Insights/Research...