Profs. Alexi Savov and Thomas Philippon's research on stock prices is highlighted
December 11, 2013
Excerpt from The New York Times -- "Research by Jennie Bai, Professor Philippon and Alexi Savov shows that even as the differential between buying and selling stocks and bonds has fallen, prices aren’t better. Prices have displayed the same ability to forecast corporate futures steadily for the last 50 years."