Stock Returns – The Bessembinder Report

Stock returns wide

1 Response

  1. Avatar Al Cam says:

    The May 2018 version of the Bessembinder Report,

    see for example:

    concludes its abstract with the following sentence “The results help to explain why poorly diversified active strategies most often underperform market averages.”

    So it would seem that the author of the work may also not entirely agree with the conclusions of JA et al.

    Also, that version of the paper contains a footnote to the Introduction that says “Since first circulating this paper, I have become aware of blog posts that show findings with a similar, though less comprehensive, flavor.”

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Stock Returns – The Bessembinder Report

by Mike Rawson time to read: 5 min
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