University of Chicago professor Eugene Fama was one of three people to be awarded the 2013 Nobel Prize in Economics. Fama is known as the “father of the efficient markets hypothesis (EMH),” which asserts that all information is efficiently priced into the markets making it incredibly difficult to profit off […]
Professor Eugene Fama of the University of Chicago was one of the three economists to be awarded the 2013 Sveriges Riksbank Prize in Economic Sciences. The theme of this year’s award “Trendspotting in asset markets,” and the Nobel committee pointed to Fama’s ground-breaking work advancing the Efficient Market Hypothesis (EMH). […]
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[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:De_geldwisselaar_en_zijn_vrouw.jpg”] The “Efficient Markets Hypothesis” is a popular target of anger and derision among lay critics of the econ profession.How can financial markets be “efficient” when they just crashed and took our economy down with them? And when sensible people like Bob Shiller, Nouriel Roubini, Bill McBride, et […]
[credit provider=”CNBC” url=”http://video.cnbc.com/gallery/?video=3000083973″] Finance legend Burton Malkiel, author of A Random Walk Down Wall Street, has a new op-ed in the Wall Street Journal.”I believe that investors who pull their money out of the stock market today to invest in bonds are making a huge mistake,” he writes.
[credit provider=”Smith Business School via YouTUbe” url=”http://www.youtube.com/watch?v=nuDIoBeNwD0″] MIT Professor Andrew Lo might be the most highly respected academic in financial theory.He’s closely followed by the most sophisticated hedge funds. Recently, he was named one of Time Magazine’s 100 most influential people in the world.
Burton Malkiel, author of the finance classic A Random Walk Down Wall Street, was on CNBC this morning with Steve Liesman.
[credit provider=”Daniel Goodman / Business Insider”] This story originally appeared at Project Syndicate. The United States is widely recognised as possessing the deepest, most liquid, and most efficient capital markets in the world. America’s financial system supports efficient capital allocation, economic development, and job creation.