San Jose, CA (October 14 , 2013) – Loring Ward is pleased to congratulate University of Chicago Professor Eugene F. Fama, Sr. on be ing awarded the 2013 Nobel Prize in Economic Science for his ground – breaking work on the Efficient Market Hypothesis. ‘ Fama’s research, which he began in the 1960s, demonstrated that stock prices are extremely difficult to predict in the short term , and that new information is very quickly incorporated into prices. This makes consistently outperforming markets extremely difficult. Read the full press release from Loring Ward here.
Loring Ward Professor, Gene Fama, Receives 2013 Nobel Prize for Efficient Market Hypothesis