摘要：This research study examines whether practitioners of money follow the precepts of the Finance profession. The theory of finance believes in the efficiency hypothesis. It states that an investor may not beat the averages consistently, and so s/he should invest in an index fund. We discover that practitioners of money believe they can surpass the return of an index, and, thus, they invest aggressively. One of the techniques they use is the analysis of industries. Thus, they analyze the external environment, the business cycle, the industry life cycle and finally the competitive environment.
