Fama Portfolio

The Fama Portfolio, is a novel majority from the University of Chicago Press. This is a collection of Gene Fama's papers, edited past times Toby Moskowitz in addition to me. It includes introductory essays past times a grouping of Gene's distinguished colleagues, Ken French, Bill Schwert, René Stulz, Cliff Asness, John Liew, Campbell Harvey, January Liu, Amit Seru, in addition to Amir Sufi.

The essays explicate the ideas inwards modern terms, tell yous why the papers are important, explicate how the papers influenced subsequent thinking, update yous on where our agreement on each betoken is today, in addition to speculate nearly where novel ideas may go. The continuing vitality of this work, fifty-fifty parts decades old, is impressive.

The work was hard. Which Fama papers should i read? Well, all of them! but nosotros even hence had to pick. We typically chose a famous i from early on inwards i of Gene's many inquiry programs, in addition to hence a less known afterward i that actually sums it upwardly clearly. Gene's ideas larn clearer over time, only similar the balance of ours do.

The press lets us post service our essays.  Here are mine (most articulation amongst Toby):

1. Preface;
2. Efficient Markets in addition to Empirical Finance; 
3. Luck vs. Skill;
4. Risk in addition to Return; 
5. Return Forecasts in addition to Time Varying Risk Premiums; 
6. Our Colleague.

Other authors may post service their essays on their webpages. Otherwise, you'll only accept to purchase the book!

The contents:


Preface, past times John H. Cochrane in addition to Tobias J. Moskowitz
I. Introductions
My Life inwards Finance

Eugene F. Fama

Things I’ve Learned from Gene Fama

Kenneth R. French

Gene Fama’s Impact: Influenza A virus subtype H5N1 Quantitative Analysis

G. William Schwert in addition to René M. Stulz

II. Efficient Markets
Efficient Markets in addition to Empirical Finance

John H. Cochrane in addition to Tobias J. Moskowitz

The Great Divide

Clifford Asness in addition to John Liew

Efficient Capital Markets: Influenza A virus subtype H5N1 Review of Theory in addition to Empirical Work

Eugene F. Fama

Efficient Capital Markets: II

Eugene F. Fama

Market Efficiency, Long-Term Returns, in addition to Behavioral Finance

Eugene F. Fama

III. Efficiency Applied: Event Studies in addition to Skill
Fama, Fisher, Jensen, in addition to Roll (1969): Retrospective Comments

Ray Ball

Eugene Fama in addition to Industrial Organization

Dennis W. Carlton

The Adjustment of Stock Prices to New Information

Eugene F. Fama, Lawrence Fisher, Michael C. Jensen, in addition to Richard Roll

Luck versus Skill

John H. Cochrane in addition to Tobias J. Moskowitz

Luck vs. Skill in addition to Factor Selection

Campbell R. Harvey in addition to Yan Liu

Luck versus Skill inwards the Cross-Section of Mutual Fund Returns

Eugene F. Fama in addition to Kenneth R. French

IV. Risk in addition to Return
Risk in addition to Return

John H. Cochrane in addition to Tobias J. Moskowitz

Risk, Return, in addition to Equilibrium: Empirical Tests

Eugene F. Fama in addition to James D. MacBeth

The Cross-Section of Expected Stock Returns

Eugene F. Fama in addition to Kenneth R. French

Common Risk Factors inwards the Returns on Stocks in addition to Bonds

Eugene F. Fama in addition to Kenneth R. French

Multifactor Explanations of Asset Pricing Anomalies

Eugene F. Fama in addition to Kenneth R. French

V. Return Forecasts in addition to Time-Varying Risk Premiums
Return Forecasts in addition to Time Varying Risk Premiums

John H. Cochrane

Short-Term Interest Rates equally Predictors of Inflation

Eugene F. Fama

Forward Rates equally Predictors of Future Spot Rates

Eugene F. Fama

Forward in addition to Spot Exchange Rates

Eugene F. Fama

Dividend Yields in addition to Expected Stock Returns

Eugene F. Fama in addition to Kenneth R. French

The Information inwards Long-Maturity Forward Rates

Eugene F. Fama in addition to Robert R. Bliss

VI. Corporate Finance in addition to Banking
Corporate Finance

Amit Seru in addition to Amir Sufi

Agency Problems in addition to the Theory of the Firm

Eugene F. Fama

Separation of Ownership in addition to Control

Eugene F. Fama in addition to Michael C. Jensen

Dividend Policy: An Empirical Analysis

Eugene F. Fama in addition to Harvey Babiak

Disappearing Dividends: Changing Firm Characteristics or Lower Propensity to Pay?

Eugene F. Fama in addition to Kenneth R. French

Financing Decisions: Who Issues Stock?

Eugene F. Fama in addition to Kenneth R. French

Banking inwards the Theory of Finance

Eugene F. Fama

Conclusion: Our Colleague, past times John H. Cochrane in addition to Tobias J. Moskowitz
Contributors