Home Bias
Investors tend to overweight their equity portfolios with stocks from their home country market. Ken French says that, while home bias is still the norm, investors have significantly increased their...
View ArticleQ&A with Fama at the Fiduciary Investors Symposium
Fama speaks candidly about academic progress, smart beta, and the efficient markets hypothesis. (View the video)
View ArticleFama: American Enterprise Institute Award and Interview
EFF: I was honored to be the recipient of the American Enterprise Institute's 2014 Irving Kristol Award at their annual dinner May 6. The institute has posted a video of the dinner, which includes...
View ArticleIGM Website
EFF/KRF: The IGM (Initiative on Global Markets of the University of Chicago Booth School of Business) web site has lots of good stuff from op eds to links to serious academic papers of the business...
View ArticleThe Becker-Posner Blog
EFF/KRF: Gary Becker (University of Chicago faculty member in economics and business and a Nobel Prize winner in economics) and Richard Posner (University of Chicago Law School professor and a US...
View ArticleWorking Papers
EFF/KRF: There is often a two or three year gap between the first draft of a paper and publication in a top finance journal. Most financial economists post their working papers on SSRN.com and,...
View ArticleEconomist Podcasts
EFF/KRF: The Economist provides unusually clear and accurate analysis of economic and financial issues. You can download podcasts from The Economist on iTunes.
View ArticleHistorical Returns
KRF: If you are looking for historical returns on our three factors and many other interesting portfolios, you can find them on my web site.
View ArticlePerformance of Mutual Funds
EFF/KRF: Our new paper, Luck versus Skill in the Cross Section of Mutual Fund Alpha Estimates, takes another look at the performance of mutual funds. Bootstrap simulations produce no evidence that any...
View ArticleCliff Asness on the U.S. Healthcare Bill
EFF/KRF: For an interesting and colorful economic analysis of the proposed U.S. Healthcare Bill we recommend "Health Care Mythology" by Cliff Asness, a Chicago Booth Ph.D.
View ArticleRobert Lucas in The Economist
KRF: Professor Robert Lucas of the University of Chicago has an interesting guest article in The Economist, "In defense of the dismal science."
View ArticleThe Squam Lake Group
KRF: The Squam Lake Group recently published "The Squam Lake Report: Fixing the Financial System". We launched the book with a conference in New York.
View ArticleEfficient Markets, Economic Growth, and Market Volatility
Professor Eugene Fama discusses the connections between the financial crisis of 2008 and efficient markets, economic growth, and market volatility with students from the Chicago Booth Finance Club on...
View ArticleFama on EconTalk Podcast
EFF: I spoke with EconTalk host Russ Roberts about how the efficient market hypothesis relates to macroeconomic events of the past few years, with some additional thoughts on behavioral finance and...
View ArticleFinancial Times Interview
EFF: Last week I was interviewed by James Mackintosh from the Financial Times. We discussed the relevance of market efficiency for investors, the definition of market "bubbles," and measurements of...
View ArticleFama: Is Warren Buffett Lucky or Skilled?
EFF: I spoke with Client Insights host Dan Richards about the importance of effectively communicating the risks associated with equity investing. Also, I discuss how Warren Buffett's success is more...
View ArticleFama: Why Small and Value Stocks Outperform
EFF: I talked with Client Insights host Dan Richards about the problems with the Capital Asset Pricing Model (CAPM) and the development of the Fama/French three-factor model as a more accurate way of...
View ArticleFama: Do Active Managers Earn Their Fees?
EFF: In an interview with Client Insights host Dan Richards, I explain the key findings of the paper "Luck vs. Skill in Mutual Fund Performance" that Ken French and I published in 2010. Looking at...
View ArticleFama: The Best Advice I Ever Got
EFF: I shared with CNNMoney a piece of advice I received from a statistics professor that has guided my research for 50 years.
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