“The efficient-market theory states that security prices efficiently incorporate all public information. Supporters of the efficient-market theory contend that if information about a particular security is publicly available to one investor, it is available to all investors. Consequently, the price of a security reflects its true investment value at all times.
Asset allocation relies on the fact that markets are efficient and that investors behave in rational, predictable ways. However, investors do not always behave rationally—rational behavior is not as widespread as one may believe. In fact, investors can actually end up being their own worst enemies…”
Join us for this webinar on investor behavior and why “Investment” returns generally far outperform “Investor” returns.