Eugene Fama, recipient of the 2013 Nobel Laureate in Economic Sciences

Professor Eugene Fama of the University of Chicago was recently awarded the Sveriges Riksbanks Prize in Economic Sciences in Memory of Alfred Nobel for 2013. Professor Fama began his work in the 1960’s and is considered the “father of modern finance” as well as the creator of the “Efficient Market Hypothesis.” Professor Fama demonstrated that stock prices are extremely difficult to predict and that new information is very quickly incorporated into prices.  These findings have changed market practices today, leading to the introduction of index funds and the founding of Dimensional Fund Advisors (DFA) in 1981.  Professor Fama currently serves on DFA’s board of directors and Investment Policy Committee.

Click on the links below to learn more about Professor Eugene Fama:

Eugene Fama named 2013 Nobel Laureate in Economic Sciences (video)

Eugene F. Fama – Banquet Speech

Nobel Prize Winner Eugene Fama Explains Why You Have No Chance Of Beating The Market