Lasse Pederson, author of Efficiently Inefficient: How Smart Money Invests and Market Prices are Determined, was interviewed by Chuck Jaffe, a columnist for MarketWatch and host of the Money Life radio show. Listen to the interview here.
Efficiently Inefficient describes the key trading strategies used by hedge funds and demystifies the secret world of active investing. Jeremy Stein from Harvard University writes, “Lasse Pedersen is a gifted financial market theorist who understands that theory is most satisfying when it is combined with a deep practical understanding of institutional detail and market frictions. This terrific book showcases his strengths in all of these dimensions.”