KeenBrain
KeenBrain
KeenBrain

Eugene Fama Quotes


Share this page on

Quotes by Eugene Fama

Showing 1-10 of 11 Quotes by Eugene Fama

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

~Eugene Fama

Topics: Actual Any Efficient Estimate Good Intrinsic Market Point Price Security Time Value Will

Keywords: None


Suggest an Edit


Cite the source


Save to Favorites


Collect


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.

~Eugene Fama

Topics: About Argue Democracy Extreme Libertarian No Reason People Realize Reason Stripes Views

Keywords: None


Suggest an Edit


Cite the source


Save to Favorites


Collect


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

~Eugene Fama

Topics: About Activity Caused Day Debates Depression Economic Economic Activity Economics Explaining Go Good Great Great Depression Swings Very

Keywords: None


Suggest an Edit


Cite the source


Save to Favorites


Collect


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

~Eugene Fama

Topics: Alpha Deliver Investor Manager Picking Prayer True

Keywords: None


Suggest an Edit


Cite the source


Save to Favorites


Collect


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.

~Eugene Fama

Topics: After Costs Cover Despite Even Expected Extraordinary Forward Fund Going Good Just Low-Cost Managers Means Only Other Passive Past Performers Produce Return Returns Skill Sufficient Top Which Worse

Keywords: None


Suggest an Edit


Cite the source


Save to Favorites


Collect


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.

~Eugene Fama

Topics: Bailout Bigger Busted Constitutions Debt Enforced Federal Federal Government First Going Government Greece Know Looking Make Much Order Pay Payments Pension Provide Scale Service Services State Then Think Ultimately Whether Will

Keywords: None


Suggest an Edit


Cite the source


Save to Favorites


Collect


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.

~Eugene Fama

Topics: Debt Disappear Economies Economy Function Government Likely Might Real Real Value Value Well

Keywords: None


Suggest an Edit


Cite the source


Save to Favorites


Collect


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.

~Eugene Fama

Topics: Any Become Bubble Credit Even Know Meaning Means Popular Think Words

Keywords: None


Suggest an Edit


Cite the source


Save to Favorites


Collect


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.

~Eugene Fama

Topics: About Always Half Half The Time High Ignore Out People Prices Right Right And Wrong Saying Them Time Too Turn Wrong

Keywords: None


Suggest an Edit


Cite the source


Save to Favorites


Collect


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.

~Eugene Fama

Topics: Away Homes Indication Make Payments People Recession Unless Walk

Keywords: None


Suggest an Edit


Cite the source


Save to Favorites


Collect


Biography

Nationality: American

Type: Economist

Born: February 14th, 1939

Links

Find Eugene Fama on Amazon

Related Authors

Milton Friedman
John Kenneth Galbraith
Alan Greenspan
Robert Reich
Murray Rothbard
Paul Samuelson
Thomas Sowell
Thorstein Veblen

Popular Authors

Douglas Adams Zora Neale Hurston Michael Jordan Phil Mcgraw Michel De Montaigne Norman Vincent Peale Antoine De Saint-Exupery Margaret Thatcher

Change your beliefs...change your life.

Get a related quote or insight every day.

(it's 100% free)

Follow Us On

Today's Birthdays

1688 - Alexander Pope

1471 - Albrecht Durer

1780 - Elizabeth Fry

1832 - Hudson Taylor

1843 - Charles Albert Gobat

1844 - Henri Rousseau

1851 - Leon Bourgeois

1870 - William Cameron Forbes

1873 - Hans Berger

1898 - Armand Hammer

Birthdays on May 21st
All Birthdays

Popular Topics

Age Change Famous Finance Graduation Knowledge Truth War