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Fama vs Shiller: Are markets efficient or not?

 

Fama vs Shiller: Are markets efficient or not?

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This was a lot of fun – we had our friend Allison Schrager up at the Compound to talk about the Nobel Prize for Economics that was shared by Professors Robert Shiller and Eugene Fama for their lifetime contributions. The two men drastically disagree about what drives asset prices, with Shiller believing that emotions and irrational behavior explain almost everything while Fama believes that information is efficiently acted upon in real time as it is disseminated, and quickly reflected in market prices.

Join Michael, Barry, Allison and I in the discussion by commenting here, what you think?

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Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

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