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In an efficient market, at any point in time, the actual price of a security will be a good estimat
In an efficient market, at any point in time, the actual price of a security will be a good estimat
In an efficient market, at any point in time, the actual price of a security will be a good estimat
In an efficient market, at any point in time, the actual price of a security will be a good estimat
In an efficient market, at any point in time, the actual price of a security will be a good estimat
In an efficient market, at any point in time, the actual price of a security will be a good estimat
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Eugene Fama:
I don't know what a credit bubble means. I don't even know what a bubble means. These words have beEugene Fama:
People are always saying that prices are too high. When they turn out to be right, we anoint them.Eugene Fama:
People don't walk away from their homes unless they can't make the payments. That's an indication tEugene Fama:
Debates go on to this day about what caused the Great Depression. Economics is not very good at expEugene Fama:
I don't believe anyone wants to hear what I have to say.Eugene Fama:
I'm an extreme libertarian, but I realize we're in a democracy, and in a democracy, people can haveEugene Fama:
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Active investment is a zero-sum game. Passive managers don't play the game. They buy something reseEugene Fama:
I think bubbles are things people see with 20/20 hindsight. If you look at any particular period whEugene Fama:
I buy the market through index funds. Since I'm getting older, I buy TIPS.