Eugene Fama on 60 Years of Finance Research, Index Funds, and Market Efficiency

Eugene Fama on 60 Years of Finance Research, Index Funds, and Market Efficiency

March 12, 2026 · 48 min

About this episode

Eugene Fama discusses his influential work in finance and the development of the Efficient Market Hypothesis.

If you have money in an index fund, you are benefiting from Eugene Fama's work. In this Extra Slice of The Pie, the Nobel laureate and "father of modern finance" reflects on a career that reshaped how trillions of dollars are invested, including his development of the Efficient Market Hypothesis, which provides the theoretical foundation for passive investing.

People in this episode

Guest: Eugene Fama

Topics covered

Keywords

Mentioned in this episode

Organizations: Becker Friedman Institute

Books & works: Efficient Market Hypothesis

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