Efficiently Inefficient (Summary)

ebook How Smart Money Invests and Market Prices Are Determined

By Lasse Heje Pedersen

cover image of Efficiently Inefficient (Summary)

Sign up to save your library

With an OverDrive account, you can save your favorite libraries for at-a-glance information about availability. Find out more about OverDrive accounts.

   Not today

Find this title in Libby, the library reading app by OverDrive.

app-store-button-en.svg play-store-badge-en.svg

Search for a digital library with this title

Title found at these libraries:


getAbstract Summary: Get the key points from this book in 10 minutes.

The efficient market theory posits that making money by trying to outperform the stock market is impossible since prices instantaneously reflect all available information. But asset manager and finance professor Lasse Heje Pedersen asserts that the reality of trading is somewhat different. Profits are available to those brave enough to take the risks and pay the costs, he says, but knowing which opportunities can make money for you and which fees you should absorb is the hard part of investing. In this advanced resource book on the financial markets, Pedersen outperforms the classics by grounding the strategies of successful portfolio managers in academic theory. He offers clear explanations, notably, about the role of hedge funds. While never giving investment advice, getAbstract can nonetheless issue a clear buy recommendation on this comprehensive, valuable textbook to financial professionals, investors and students of finance.

Book Publisher:

Princeton UP

Efficiently Inefficient (Summary)