Author: Eugene Fama

Quotes

Debates go on to this day about what caused the Great Depression. Economics is not very good at explaining swings in economic activity.

Debates go on to this day about what caused the Great Depression. Economics is not very good at explaining swings in economic activity.

- Eugene Fama

Economies typically do not function well in hyperinflation. The real value of government debt might disappear, but the economy is likely to disappear with it.

Economies typically do not function well in hyperinflation. The real value of government debt might disappear, but the economy is likely to disappear with it.

- Eugene Fama

In an efficient market, at any point in time, the actual price of a security will be a good estimate of its intrinsic value.

In an efficient market, at any point in time, the actual price of a security will be a good estimate of its intrinsic value.

- Eugene Fama

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