Eugene Fama Awarded Nobel Prize in Economic Sciences

 

We are thrilled to share the news that Eugene Fama, widely recognized as the “father of modern finance,” has been named a co-recipient of the 2013 Nobel Prize in Economic Sciences.

Professor Fama serves on Dimensional Fund Advisors’ (one of our strategic partners) board of directors and on its Investment Policy Committee, where he advises the firm on many of its strategies. He is also Chairman of the Center for Research in Security Prices at the University of Chicago Booth School of Business.

His work began in the 1960’s with the development of what’s known now as the Efficient Market Hypothesis, and since then, he’s worked extensively on understanding how financial markets work. 

It is rewarding to see such a high level of recognition given to Dr. Fama. His contributions have served as the bedrock of our investment philosophy since the day we opened our doors in 1999 and have shaped how we help our clients make investing less taxing and achieve their most important goals.

All of us at Lauterbach Financial Advisors congratulate Professor Fama on this great honor. 

Learn more: 

Wall Street Journal: A Nobel for the Random Walk of Stock Prices

Business Insider: Nobel Prize Winner Eugene Fama Explains Why You Have No Chance Of Beating the Market

Watch:

Eugene F. Fama: Economist. In this interview recorded in 2008 and conducted by Professor Richard Roll, Eugene F. Fama discusses his life, research, and contributions to the field of finance.

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