Eugene Fama

Eugene Fama


Author Profession: US Economist
Born: February 14, 1939
Age: 77 years old
Birth Sign: Aquarius


Google: Eugene Fama

Eugene Fama quotes

State constitutions typically provide that the state first has to service its debt, then make it pension payments, and then pay for services. What we don't know is whether that order will be enforced. And ultimately, the busted state is going to be looking to the federal government for a bailout. Think Greece, but on a much bigger scale.

In an efficient market, at any point in time, the actual price of a security will be a good estimate of its intrinsic value.

Debates go on to this day about what caused the Great Depression. Economics is not very good at explaining swings in economic activity.

After costs, only the top 3% of managers produce a return that indicates they have sufficient skill to just cover their costs, which means that going forward, and despite extraordinary past returns, even the top performers are expected to be only as good as a low-cost passive index fund. The other 97% can be expected to do worse.

Economies typically do not function well in hyperinflation. The real value of government debt might disappear, but the economy is likely to disappear with it.

An investor doesn't have a prayer of picking a manager that can deliver true alpha.

I don't know what a credit bubble means. I don't even know what a bubble means. These words have become popular. I don't think they have any meaning.

I'm an extreme libertarian, but I realize we're in a democracy, and in a democracy, people can have views of all stripes, and there's no reason to argue about it.

I don't believe anyone wants to hear what I have to say.

People don't walk away from their homes unless they can't make the payments. That's an indication that we are in a recession.

People are always saying that prices are too high. When they turn out to be right, we anoint them. When they turn out to be wrong, we ignore them. They are typically right and wrong about half the time.

If I gave you any thought I probably would. Peter Lorre

My definition of a friend is somebody who adores you even though they know the things you're most ashamed of. Jodie Foster

Let us be the ones who say we do not accept that a child dies every three seconds simply because he does not have the drugs you and I have. Let us be the ones to say we are not satisfied that your place of birth determines your right for life. Let us be outraged, let us be loud, let us be bold. Brad Pitt age

Who is person today and how old is Eugene Fama age, famous quotes