A Bridge between Classical and Behavioral Finance

CFA Institute
By December 19, 2018 15:02

A Bridge between Classical and Behavioral Finance

Why does value investing work? Why do other factor strategies work? For that matter, why does any active strategy—meaning, any strategy other than capitalization-weighted indexing—“work” in the sense of having a reasonable chance of beating the cap-weighted index other than by random variation? The answer could lie in classical finance, or behavioral finance, or both.

CFA Institute
By December 19, 2018 15:02

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