Only in the last 10 to 20 years have we really understood where returns from stocks and investments come from, largely through the research of Eugene Fama and Kenneth French (both interviewed in this program). These two respected economists are in the forefront of a popular movement that takes the worry out of picking stocks. […]
Archive | Finance
The Importance of Ignoring the Noise of the Market
By CARL RICHARDS OCT. 13, 2014 Last week was uncomfortable for market watchers. The Dow dropped more than 200 points one day and surged more than 200 the next. Both moves were attributed to small, seemingly random things. The International Monetary Fund cut its global forecast, and the Federal Reserve released its meeting minutes. I’ll […]
What can you learn from Mr. Efficient Markets now?
It had all the appearance of a market anomaly. For 25 years the world’s leading academics in the field kept predicting that Eugene Fama was certain to win the Nobel Prize in economics. If this year wasn’t Fama’s year, the talk always went, it would come soon. In an efficient market like the one Fama […]
Eugene Fama, Nobel Prize Laureate
Eugene Fama, Nobel Prize Laureate by Tyler Cowen on October 14, 2013 at 7:09 am in Economics | Permalink Fama has been long-deserving for some time now. He won basically for his empirical work on asset prices. Here is Fama on Wikipedia. Here is Fama on scholar.google.com. Fama teaches at the Booth School of Business at the University of Chicago and he is […]