Book notes: Efficiently Inefficient: How Smart Money Invests and Market Prices are Determined, by Lasse Heje Pedersen

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Lasse Heje Pedersen, Efficiently Inefficient: How Smart Money Invests and Market Prices are Determined, Princeton University Press, Princeton and Oxford, 2015, 329 pages

Efficiently Inefficient’s author is both a distinguished academic (a finance professor at the Copenhagen Business School and New York University’s Stern School of Business) and a finance practitioner (a principal of AQR Capital Management). The book is worth reading even to see how the author’s experiences from these two fields

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