Eugene Fama

Eugene F. Fama (born February 14, 1939) is an American economist particularly known for his work on portfolio theory and asset pricing, both theoretical and empirical.

He was born in Boston, Massachusetts, got his undergraduate degree in French from Tufts University and his Master's and Ph.D. from the University of Chicago, where he has spent most of his teaching career.

His Ph.D. thesis, which concluded after a review of available data and literature that stock price movements are unpredictable, was published in the January, 1965 issue of the Journal of Business, entitled The Behavior of Stock Market Prices. That work was subsequently rewritten into a less technical article, Random Walks in Stock Market Prices, which was published in Financial Analysts Journal in 1966 and Institutional Investor in 1968.

His best known work, co-written with Kenneth French, was a series of papers describing the factors which can characterize stock returns in terms of market capitalization and "value".

External Links

An Interview with Eugene Fama: [http://library.dfaus.com/reprints/interview_fama_tanous/]" class="external">[1]