If you are a regular reader of this blog you know I frame my investment philosophy around research performed by academia. Gene Fama’s research has definitely influenced the way I think about markets more than any other academic. He shares the prize with Lars Peter Hansen and Robert Shiller, who together have laid the foundation for the current understanding of asset prices.
Below is a video produced by Dimensional Fund Advisors, one of our preferred mutual fund companies. Dimensional was founded in 1981 by David Booth, one of Fama’s former students. In this video Gene Fama looks back on the last 50 years of research and his contribution to the field of finance.