Weekly Top 5 Papers â November 27th, 2017
1. Proposed Judgeship Bill by Steven G. Calabresi (Northwestern University – Pritzker School of Law) and Shams Hirji (Northwestern University, School of Law)read more...
View ArticleFreezing site/Moving to Patreon & Profstevekeen
Iâm freezing this site and moving to both Patreon (https://www.patreon.com/ProfSteveKeen) and a new website http://www.profstevekeen.com/. There are several reasons:read more...
View ArticleBrexit debate in London May 31st
Iâm taking part in a debate on one of the major topics in this yearâs election, Brexit, on May 31st at 7.30pm at Canham, 40 Sheen Lane, London SW14 8LW. The other speakers are Frances Coppola, and...
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Shutting down membership
I have recently established a Patreon site https://www.patreon.com/ProfSteveKeen, where people can support my research and advocacy work with donations starting at $1/month. That is now where I will...
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MITâs Andrew Lo Interviews Eugene Fama
In this video, Andrew LoâProfessor of Finance at MIT Sloanâspeaks with Eugene Fama about the arc of Geneâs empirical and theoretical research. The topics covered in this interview range from...
View ArticleAre Markets Efficient?
The efficient markets hypothesis (EMH), developed by Eugene Fama in the 1960s, simply states that prices reflect all available information. Despite its simplicity, the EMH has been difficult to test...
View ArticleDimensional's David Booth Interviews Eugene Fama
David Booth, chairman and co-CEO of Dimensional Fund Advisors, has been working with Eugene Fama since the mid-1960s. David was a PhD student in Geneâs class and later asked Gene to become a board...
View ArticleMore Sellers than Buyers?
KRF:Â What does it mean to say there is a flight to quality? For every seller there must be a buyer. After exploring this simple point, I explain how expectations about future cashflows and future...
View ArticleIs This a Good Time for Active Investing?
KRF:Â I explain why active investing is always a negative sum game. We often hear that now is a good time (or a bad time) for active investing. That does not make sense. In aggregate, active investors...
View ArticleIdentifying Superior Managers
Although it would be great if we could all hire above average active managers, that only happens in Lake Wobegon. Superior managers may exist, but most investors might as well be picking their managers...
View ArticleDollar Cost Averaging
Does it make sense to dollar cost average? It depends. Standard financial analysis says dollar cost averaging is suboptimal. If you focus on only your investment outcome, investing a lump sum...
View ArticleDid Diversification Fail When We Needed It Most?
Investors may doubt the usefulness of diversification after the recent market decline. In this video, Kenneth French explains that diversification cannot reduce the volatility of the overall market,...
View ArticleShould Stockholders Sit This One Out?
The answer depends on why stockholders want to leave the market. During the financial crisis, some investors discovered that their tolerance for risk is lower than they thought, so it might make sense...
View ArticleFather of Modern Finance Weighs In
EFF:Â I was interviewed on CNBC's "Squawk Box" this past Friday about the recent financial crisis and financial regulatory reform. View the video here.
View ArticleFuture of Money Management
This video, recorded at the Chicago Booth 2010 Management Conference, features Eugene Fama and David Booth providing insights into what lies ahead for active and passive money management. (View the video)
View ArticleShould Investors Fear the "New Normal"?
In this video, Kenneth French explains why lower economic growth may not hinder future stock returns. In fact, history shows that average returns tend to be higher during periods of economic...
View ArticleHedging Inflation: Do TIPS Beat T-Bills?
Rising government spending around the world has many investors considering ways to hedge potential inflation, which may include holding TIPS or rolling over short-term Treasury securities. Ken French...
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