Comment 

Not learning

Chris Dillow

Chris Dillow

Stock markets are efficient, so that in the unlikely event of anyone discovering a way of making big profits, other investors will soon copy them and in doing so bid away those profits by raising the prices of underpriced stocks to levels from which subsequent returns are only normal. This means that any opportunities to make above-average returns without taking above-average risk will only be shortlived.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Register
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now