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These findings were published in a 1992 paper titled "The Cross-Section of Expected Stock Returns".
2. DFA's business strategy centers on the core concept that markets are "efficient" ? that is that no one has the ability to consistently pick stocks that would beat the market. In addition, the founders of DFA believed that combining solid academic research with the abilities of skilled traders would complement each other to produce superior returns. DFA's Small Cap objective is to deliver the size effect (research has indicated that small companies provide higher expected returns than larger companies in the long term) and provide the diversification benefits of investing in small companies worldwide...
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