Eugene Fama on 60 Years of Finance Research, Index Funds, and Market Efficiency
Podcast: The Pie: An Economics PodcastPublished On: Thu Mar 12 2026
Description: If you have money in an index fund, you are benefiting from Eugene Fama's work. In this Extra Slice of The Pie, the Nobel laureate and "father of modern finance" reflects on a career that reshaped how trillions of dollars are invested, including his development of the Efficient Market Hypothesis, which provides the theoretical foundation for passive investing.
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