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curiouscapitalist.blogs.time.com - 21 days ago
Are finance professors to blame for the financial crisis (Part 2)?
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Titan of academic finance Gene Fama writes in his blog : The premise of the Fox book is that our current economic problems are largely due to blind acceptance of the efficient markets hypothesis (EMH), which posits that market prices reflect all available information. The claim is that the ...

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Economist's View:  Is Market Efficiency the Culprit?

Abnormal Returns:  Thursday links: the carry trade

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Blog Reactions

Is Market Efficiency the Culprit?
Economist's View — ... Toward the end of the book, Fox concludes that passive investing is the right choice for almost all investors. My academic friends in behavioral finance (for example, Richard Thaler) almost always end up with a similar conclusion. In my view, this is an admission that the EMH provides a good view of the world for almost all practical purposes. At which point, I say I won. [Still traveling, but this one's live.] Update: Justin Fox responds.

Thursday links: the carry trade
Abnormal Returns — ... Fama vs. Fox on the role of the efficient markets hypothesis in the credit crisis.  (Curious Capitalist) ...

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