I take the market-efficiency hypothesis to be the simple statement that security prices fully reflect all available information. — Eugene Fama Copy Share Image
Corruption is government intrusion into market efficiencies in the form of regulations. — Milton Friedman Copy Share Image
The protection of private property does more than promote market efficiency; it enhances the level of human freedom in the most intimate… — Richard Allen Epstein Copy Share Image
The argument for the free market is a complicated and sophisticated one and depends on demonstration of secondary effects. I have confidence… — Milton Friedman Copy Share Image
During periods of extreme fear or greed, you don't have the proper balance between those two to generate market efficiency and you… — Andrew Lo Copy Share Image
First, those who disagree with market efficiency simply assert that it stands to common sense that greater effort to get facts and… — Paul Samuelson Copy Share Image
Some economists became obsessed with market efficiency and others with market failure. Generally held to be members of opposite schools-freshwater and saltwater,… — George Gilder Copy Share Image
“Not surprisingly, the father if market efficiency, Gene Farma, has a very clever way to avoid the pitfalls of hyperbolic discounting. When… — Andrew W. Lo Copy Share Image
“The adjective “efficient” in “efficient markets” refers to how investors use information. In an efficient market, every titbit of new information is… — Alan S. Blinder Copy Share Image
Even in financial markets, the concept of market efficiency does not hold. — Paul Ormerod Copy Share Image
Second, they [those who disagree with market efficiency] always claim they know a man, a bank, or a fund that does do… — Paul Samuelson Copy Share Image
![“Second, they [those who disagree with market efficiency] always claim they know a man, a bank, or a fund that does do better. Alas, anecdotes are not science. And once Wharton School dissertations seek to quantify the performers, these have a tendency to evaporate into the air - or, at least, into…” quote by Paul Samuelson](https://sms4smile.com/quotes/img-quotes/9d4/paul-samuelson-9078_air_second-they-those-who-disagree-with-mark_2644032.jpg)