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The information paradox

Chris Dillow

Chris Dillow
The information paradox

Have financial markets become more informationally efficient in recent years? Most of you, whatever your general opinion of the efficient market hypothesis, would, I suspect, say no. And the failure of prediction markets to foresee Brexit might well be evidence in your favour. Certainly, very few fund managers have closed their funds and advised their investors to buy trackers instead because they can no longer find mispriced stocks.

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