Has the hunt for investable factors gone too far?
The Nobel laureate is best known for work on efficient markets. But he also helped develop event studies, which have been used extensively in the field.
Fifteen of America’s top thinkers offer their ideas for how America can grow faster, stay safer, and work better
Eugene F. Fama and Richard H. Thaler discuss whether markets are prone to bubbles.
Most active fund managers do not do better than would be expected by chance.