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Basic Question 0 of 2
In a highly efficient market, a(n) ______ strategy is preferable.
B. active investment
A. passive investment
B. active investment
User Contributed Comments 4
| User | Comment |
|---|---|
| makisupa43 | Riiiiiiight. |
| abs013 | If that were true hedge funds wouldn't exist |
| timkalt | Moreover, the market can just adjust rapidly if active investors are present. |
| MathLoser | @abs013: Count how many hedge funds that can beat the market ?! |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe market efficiency and related concepts, including their importance to investment practitioners
contrast market value and intrinsic value
explain factors that affect a market's efficiency
CFA® 2026 Level I Curriculum, Volume 3, Module 3.