Chicago Booth's Eugene F. Fama says that the government played a significant role in creating the crisis by insuring risky loans in the hopes of boosting home ownership.
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.