Recent studies suggest that, on average, investments clubs
A) outperform broad market indexes by several percentage points.
B) underperform broad market indexes by a several percentage points.
C) earn average rates of return.
D) no data is available on investment club performance.
Answer: B
You might also like to view...
The risk premium would be greater for an investment in an oil and gas exploration in unproven
fields than an investment in preferred stock because A) the preferred stock is more liquid. B) oil and gas exploration investments have a greater variability in possible returns. C) the inflation rate would vary more with oil and gas exploration investments. D) both A and B
Terry Fowler is a firm believer in traditional accounting software. Bob Fossey just gave a presentation touting the benefits of cloud accounting software, but Terry wants nothing to do with it. He didn't really listen to the presentation. Terry is exhibiting ________
A) stubborn behavior B) overconfidence bias C) anchoring bias D) confirmatory bias