“In an efficient market at any point in time the actual price of a security will be a good estimate of its intrinsic value.”
Quote by Eugene Fama
Author
Eugene Fama
Eugene Fama, born on February 14, 1939, is an esteemed economist whose research has had a profound impact on the field of finance. He is best known for his work on the Efficient Market Hypothesis (EMH), which emphasizes the information efficiency of markets, and for developing the Capital Asset Pricing Model (CAPM) with Kenneth French and James MacKinlay. Fama's research has significantly influenced investment portfolio management and financial decision-making. more
You May Also Like
“I’d compare stock pickers to astrologers but I don’t want to bad mouth astrologers.”
“Bands-- enough with the crayon face-paint-- you're better than that.”
“Albertans have always worn their passions on their sleeves.”
“Die while I can still remember who I am, who I used to be.”
Source: The Garden of Evening Mists
“There are no reasons for my photographs, nor any rules; all depends on the mood of the moment.”