Eugene Fama

The efficient market hypothesis is a very elegant theory.

The market is a very good mechanism for generating returns.

The efficient market hypothesis is a very simple idea with profound implications.

The market is a very good mechanism for discovering new information.

The efficient market hypothesis is a very powerful tool for analysis.

The market is a very good mechanism for allocating resources.

The efficient market hypothesis is a very good description of how markets work.

The market is a very good mechanism for reflecting expectations.

The efficient market hypothesis is a very good guide for investment decisions.

The market is a very good mechanism for incorporating new information.

The whole point of the market is to ration what is scarce.

I don't believe in black swans. I think they're a myth.

Markets are the most powerful mechanism we have for allocating resources.

The efficient market hypothesis is the cornerstone of modern finance.

Prices reflect all available information; that's the essence of efficiency.

I'm a firm believer that you can't beat the market consistently.

Anomalies are just puzzles waiting to be solved.

Finance is about understanding risk and return.

The stock market is a mechanism for transferring money from the impatient to the patient.

Behavioral finance is interesting, but it doesn't disprove efficiency.