Chapter 3: Financial Markets: Part 2

By JON E. HILSENRATH Staff Reporter of THE WALL STREET JOURNAL October 18, 2004; Page A1 ... boards are run. Mr. Fama's ideas helped foster the free-market theories of the 1980s and spawned the $1 trillion index-fund industry. ... The R2 is extremely low (.000237) suggesting a very poor fit of this model. None of the lagged closing prices of ... ................
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