The fact that less than half of all equity fund managers beat the market in most

largely efficient

Explanation:

The fact that less than half of all equity fund managers beat the market in most years indicate that the stock market is largely efficient.

According to the strong-form hypothesis of the efficient market, when there is an efficient market, all the private and public information would be reflected in the prices of the stock.

Porque esos importan mas y la gente esta en eso maas que los prestamos asegurados so, por eso es que son menos costosos porque la gente los usa mas y gastan mas dinero

Explanation: