Investors don't always agree on the value of risky assets, so a new model called information-adjusted CAPM was created. This model says that the expected return on a risky asset is determined by information-adjusted beta, not just market beta. The new model explains why the classic CAPM doesn't always predict returns accurately, like why average returns don't always increase with market beta, why some assets perform better than expected, and why market beta isn't always a good predictor of returns.