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Eugene Fama - father of the Index Fund - wins Nobel Prize

| October 24, 2013

This week’s comment

Eugene Fama's Efficient Market Is a Sound Guiding Principle for Investors and Policymakers . . . Forbes (

“On October 14, Eugene Fama was one of three U.S. economists . . . awarded the 2013 Nobel Memorial Price in Economic Sciences. . . . “Fama’s seminal work . . . led to the creation of the index fund, now the world’s most popular form of investment.”

Careful and / or long-term readers hopefully will notice some changes in my thinking. Over the course of time, regular readers will have the opportunity to examine more of the data, research and viewpoints that have led to this change. Please read this short Forbes article for some interesting detail.

In the meantime, as always, I welcome your calls and emails with questions and comments.

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