In the final Show-Me Forum of 2011, Missouri Bankers Chair John Howe and Show-Me Institute President Rex Sinquefield discuss the “efficient markets hypothesis,” the idea that it’s impossible to “beat the market” because stock prices reflect all available information. Professor Howe takes a theoretical approach from the start, but buttresses his arguments with a number of studies and experiences.
How Well Do Financial Markets Work?
Economy
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About the Author
Rex Sinquefield
Rex Sinquefield is co-founder and former co-chairman of Dimensional Fund Advisors, Inc. He also is co-founder of the Show-Me Institute. In the 1970s, he co-authored (with Roger Ibbotson) a series of papers and books titled Stocks, Bonds, Bills & Inflation. These works provided the first seminal...
About the Author
John S. Howe
Contributing writer at the Show-Me Institute.
