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Markets Are Not Efficient⁠—and That’s Okay

If markets were as efficient as portrayed in textbooks, investors could only hope to obtain the average return. However, several funds and managers have consistently beaten the market over the years, points out John Dobelman. A professor of statistics and the director of the Center for Computational Finance and Economic Systems at Rice University, he argues in a new book that market inefficiencies are what allows investors to thrive. This week, we interview Frederick Bell, CEO of Elemental Royalties (TSX-V: ELE), the new company in the Discovery Group. Show notes: https://goldnewsletter.com/podcast/markets-are-not-efficient-thats-okay/

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