Some advice from the father of efficient markets.
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.
Merton H. Miller liked to tell a joke about Yogi Berra, the famous baseball catcher. Berra once told his trainer that he was particularly hungry, and he instructed him to cut his pizza into 12 pieces instead of six.