Eugene Fama and David Booth on the Birth of Modern Finance – Odd Lots

Eugene Fama and David Booth on the Birth of Modern Finance – Odd Lots

Mentioned

Financial Industry Regulatory Authority Notion $BTC Benchmark Ben Horowitz Commodity Futures Trading Commission Discord $DJIA

Market views

Bullish

TOTALMARKETINDEX— Eugene Fama strongly recommends total market index funds as a suitable investment strategy for most individuals, reflecting his belief in market efficiency.
INDEXFUNDS— David Booth observes a significant trend towards index investing, noting its growth alongside increased trading volume, which suggests a positive outlook on index funds.

Bearish

CRYPTO— Eugene Fama expresses strong skepticism about cryptocurrencies, particularly Bitcoin, predicting their eventual collapse based on established monetary theory and their inability to function as a stable medium of exchange.
SMARTBETA— Eugene Fama dismisses 'smart beta' as a marketing term, implying skepticism towards investment products or strategies marketed under this label.

Not investment advice.