MI238: A Guide to a Winning Investment Strategy w/ Larry Swedroe
The Intrinsic Value Podcast - The Investor’s Podcast Network
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Does the Market Value Stocks Correctly?
Market efficiency doesn't mean that the market price is the right price. It's very difficult to outperform the market by trying to pick stocks and time the market, he says. Inefficiencies can exist because you have unlimited losses from undervaluations. But another key tip about thinking you're going to buy a stock that's going to outperform? The odds are great that it's not undervalypt or correctly valued.
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