Efficiently Inefficient
How Smart Money Invests and Market Prices Are Determined
How Smart Money Invests and Market Prices Are Determined
Efficiently Inefficient describes the key trading strategies used by hedge funds and demystifies the secret world of active investing. Leading financial economist Lasse Heje Pedersen combines the latest research with real-world examples and interviews with top hedge fund managers to show how certain trading strategies make money - and why they sometimes don't. -- from back cover.
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