Available Quote by Eugene Fama

In an efficient market at any point in time the actual price of a security will be a good estimate of its intrinsic value.

— Eugene Fama

Many of us economists who believe in efficiency do so because we view markets as amazingly successful devices for reflecting new information rapidly and,…

— Burton Malkiel

“The price of security is insecurity.”

— Dan Harris

“The Price of Security is Insecurity--Until It's Not Useful”

— Dan Harris

“This is just another of an endless series of experiences over time that have demonstrated that the future of security prices is never predictable.”

— M.K. Gandhi

“Abundant information wants to be free. Scarce information wants to be expensive.”

— Chris Anderson

The latest trade of a security creates a dangerous illusion that its market price approximates its true value. This mirage is especially dangerous during…

— Seth Klarman

“The adjective “efficient” in “efficient markets” refers to how investors use information. In an efficient market, every titbit of new information is processed correctly…

— Alan S. Blinder

The proposition is that prices reflect all available information, which in simple terms means since prices reflect all available information, there's no way to…

— Eugene Fama

If you let markets - in general, my belief is that if you let markets give you information, they'll give you the information rather…

— Nassim Nicholas Taleb

The market likes to lull you into the false security of high success rate techniques, which often lose disastrously in the long run. The…

— William Eckhardt

Value investing is predicated on the efficient market hypothesis being wrong.

— Seth Klarman