Are markets efficient?

Comments · 286

• GI

  @ginebro1930 · 6 years ago

  This is the most agreeable disagreement i ever saw

  171

• PE

  @pelumiobasa3104 · 8 years ago

  I don't think a lot of people understand how significant this debate is

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• SH

  @shauryasalwan · 9 years ago

  Wow everyone's out watching McGregor vs. Mayweather... smh. THIS is the only fight I wanted to see XD

  282

• GE

  @geraltofrivia287 · 5 years ago

  We should learn how to have a discussion without screaming and getting upset from these two legends.

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• CR

  @CrispimSoares · 8 years ago

  I love Gene. To hear him talk about markets is like having the best wine. It's just superb.

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• BU

  @bubuoha · 3 years ago (edited)

  I took Prof. Thaler's course at Booth. At that time, the course was called "Managerial Decision Making". I always wondered why not "Behavioral Economics". You have to admire the man. He had the nerve to go mostly on his own, stick with his guns when no one believed in the topic of behavioral economics, and make a whole field out of it. Much respect! For both Thaler and Fama.

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• CM

  @cmhvacr1010 · 7 years ago

  Eugene fama is a really humble man and I love him for it, very smart man and I like viewing the markets as efficient even if it’s not perfectly so

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• FO

  @Foneio · 10 years ago

  So great to get these two geniuses together.

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• PE

  @perkash308 · 3 years ago

  A kinda objectivity vs subjectivity debate... Loved the talk of these two geniuses as it inspires several dimensional perspectives to the Conjecture!

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• YA

  @yannickcoulon · 3 years ago

  A video for History ! a few months later, Mr Thaler was receiving the Nobel Prize. Who won the debate ? Both are great minds. YC France

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• MU

  @muktiaryal2758 · 2 years ago (edited)

  Two great minds. Been reading Gene since 1990 and Theler since 2006.<br><br>Watched this discussion 3 times - always refreshing. Its like Chicago vs Rochester during the 70&apos;s. <br><br>Both are correct as both situations are possible to exist at the same time in different stocks. Simply brilliant!

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• GI

  @GiulioCrove · 1 year ago

  <a href="https://www.youtube.com/watch?v=bM9bYOBuKF4">00:00</a> – <a href="https://www.youtube.com/watch?v=bM9bYOBuKF4&amp;t=68">01:08</a> — Introduction<br><br><a href="https://www.youtube.com/watch?v=bM9bYOBuKF4&amp;t=68">01:08</a> – <a href="https://www.youtube.com/watch?v=bM9bYOBuKF4&amp;t=221">03:41</a> — What is the Efficient Market Hypothesis?<br><br><a href="https://www.youtube.com/watch?v=bM9bYOBuKF4&amp;t=221">03:41</a> – <a href="https://www.youtube.com/watch?v=bM9bYOBuKF4&amp;t=374">06:14</a> — Testing EMH and Investment Implications<br><br><a href="https://www.youtube.com/watch?v=bM9bYOBuKF4&amp;t=374">06:14</a> – <a href="https://www.youtube.com/watch?v=bM9bYOBuKF4&amp;t=561">09:21</a> — Market Anomalies and Crashes (Black Monday 1987)<br><br><a href="https://www.youtube.com/watch?v=bM9bYOBuKF4&amp;t=561">09:21</a> – <a href="https://www.youtube.com/watch?v=bM9bYOBuKF4&amp;t=877">14:37</a> — Bubbles and Anecdotal Evidence (Cuba Fund Example)<br><br><a href="https://www.youtube.com/watch?v=bM9bYOBuKF4&amp;t=877">14:37</a> – <a href="https://www.youtube.com/watch?v=bM9bYOBuKF4&amp;t=1177">19:37</a> — Can We Systematically Identify Bubbles?<br><br><a href="https://www.youtube.com/watch?v=bM9bYOBuKF4&amp;t=1177">19:37</a> – <a href="https://www.youtube.com/watch?v=bM9bYOBuKF4&amp;t=1354">22:34</a> — Persistent Phenomena: Value Premium, Momentum<br><br><a href="https://www.youtube.com/watch?v=bM9bYOBuKF4&amp;t=1354">22:34</a> – <a href="https://www.youtube.com/watch?v=bM9bYOBuKF4&amp;t=1519">25:19</a> — Factor Models and Risk Explanations<br><br><a href="https://www.youtube.com/watch?v=bM9bYOBuKF4&amp;t=1519">25:19</a> – <a href="https://www.youtube.com/watch?v=bM9bYOBuKF4&amp;t=1731">28:51</a> — Behavioral Finance and Limits of Rational Models<br><br><a href="https://www.youtube.com/watch?v=bM9bYOBuKF4&amp;t=1731">28:51</a> – <a href="https://www.youtube.com/watch?v=bM9bYOBuKF4&amp;t=2215">36:55</a> — Empirical vs. Theoretical Models, Practical Implications<br><br><a href="https://www.youtube.com/watch?v=bM9bYOBuKF4&amp;t=2215">36:55</a> – <a href="https://www.youtube.com/watch?v=bM9bYOBuKF4&amp;t=2359">39:19</a> — Investor Advice: Passive Indexing<br><br><a href="https://www.youtube.com/watch?v=bM9bYOBuKF4&amp;t=2359">39:19</a> – <a href="https://www.youtube.com/watch?v=bM9bYOBuKF4&amp;t=2505">41:45</a> — Market Misallocation, Tech and Housing Bubbles<br><br><a href="https://www.youtube.com/watch?v=bM9bYOBuKF4&amp;t=2505">41:45</a> – <a href="https://www.youtube.com/watch?v=bM9bYOBuKF4&amp;t=2532">42:12</a> — Conclusion

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