“I think most bubbles are twenty-twenty hindsight. Now after the fact you always find people who said before the fact that prices are too high. People are always saying that prices are too high. When they turn out to be right, we anoint them. When they turn out to be wrong, we ignore them. They are typically right and wrong about half the time.” — Eugene Fama

Eugene Fama: Background & bio

Fama is an American economist and Nobel laureate in Economics, known for his work on portfolio theory and asset pricing, with Kenneth R. French. Fama is most often thought of as the father of the efficient-market hypothesis, beginning with his Ph.D. thesis. In a ground-breaking article in the May 1970 issue of the Journal of Finance, entitled “Efficient Capital Markets: A Review of Theory and Empirical Work.”

Fama is currently Robert R. McCormick Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. In 2013 Fama was awarded the Nobel Memorial Prize in Economic Sciences jointly with Robert Shiller and Lars Peter Hansen.

Eugene Fama: Research

Foundations of Finance

Theory of Finance

Fama: Resources

Eugene Fama: Articles

Fama: Videos

Leave a Reply

Saved Articles
X
TextTExtLInkTextTExtLInk

Are you a smart investor? Join tens of thousands of sophisticated investor reading our authoritative free newsletter

* indicates required

Opt out of occasional 3rd party offers


Congrats! Are you a smart person? We have a limited time offer for sophisticated and loyal readers like yourself.

Sign up today and get three months free

Use coupon code VIP19 or click on the button below

Limited time offer only expires 8/31/2019 or next 30 now just 2 subscribers whichever comes first – please do not share this discount with others

 

0