Beat Quote by Eugene Fama

Information costs are reduced by the existence of large numbers of buyers and sellers. Under these conditions, prices embody the same information that would…

— Douglass North

So everybody has some information. The function of the markets is to aggregate that information, evaluate it, and get it incorporated into prices.

— Merton Miller

The question is really how do we think seriously about this mechanism called a market. It ought to be determining not values but prices.

— Cornel West

But the system of prices ruling the market not only transmits information in the light of which economic agents can mutually adjust their actions,…

— Michael Polanyi

Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society…

— Thomas Sowell

Everything has its price - and if that price is not paid, not that thing but something else is obtained... it is impossible to…

— Ralph Waldo Emerson

“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 stock market is filled with individuals who know the price of everything, but the value of nothing.

— Anonymous

Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain.

— William Vickrey

There's no reason to think that markets always drive people to what's good for them.

— Richard Thaler

We think of prices as simply the notation of how much we must pay for things. But the price system accomplishes far more than…

— Sheldon Richman

To beat the market you'll have to invest serious bucks to dig up information no one else has yet.

— Merton Miller