It is difficult to systematically beat the market. But it is not difficult to systematically throw money down a rat hole by generating commissions and other costs. — Michael Jensen Copy Share Image
Very little evidence was found that any individual fund was able to do significantly better than that which we expected from mere random chance. — Michael Jensen Copy Share Image
There is no other proposition in economics that has more solid empirical evidence supporting it than the Efficient Market Hypothesis... In the literature of… — Michael Jensen Copy Share Image
It is difficult to systematically beat the market. But it is not difficult to systematically throw money down a rat hole by generating commissions… — Michael Jensen Copy Share Image
