The simultaneous presentation of Nobel Economics Prizes to Professors Fama and Shiller, who hold diametrically opposite views of the stock market, illustrates a big problem with the current state of financial economics. However, there is good news: this problem completely disappears once you realize that investors are insane.
The simultaneous presentation of Nobel Economics Prizes to Professors Fama and Shiller, who hold diametrically opposite views of the stock market, illustrates a big problem with the current state of financial economics. However, there is good news: this problem completely disappears once you realize that investors are insane.
Share this Article
Recommended