The first paper in this Research Review makes a statement on the ability of any of us to estimate the true value of financial assets - and in nine pages says everything that needs to be said. The next two papers produce conflicting findings on the impact of index investing on markets.

Black Was Right: Price Is Within a Factor 2 of Value

- Jean-Philippe Bouchaud, Stefano Ciliberti, Yves Lemperiere, Adam Majewski, Philip Seager, Kevin Ronia | November 2017

Only rarely does one find a paper that in nine pages says everything that needs to be sa...