Mr. Fama is considered by some to be the founder of modern finance for his work in developing the so-called efficient market hypothesis, the notion that prices always capture an equilibrium that incorporates all available information. In Mr. Famas world, where investors act rationally, there is no room for things like momentum trading or chasing prices higher.
I offer the thought that the sharing of the same Nobel economics prize by Fama and Shiller (The Oddest of Bedfellows) importantly aids the deception of the people that I cited above.
http://blogs.wsj.com/economics/2013/10/14/nobel-laureates-shiller-and-fama-the-oddest-of-bedfellows/?KEYWORDS=Casey+fama
Michael J. Casey,
Inflation-adjusted asset price histories are very instructive at a glance
http://www.nytimes.com/imagepages/2006/08/26/weekinreview/27leon_graph2.html
but are rarely shown to the people, which omission severely deceives the people. Here are both up to date by me
http://www.showrealhist.com/RHandRD.html
I offer the thought that the sharing of the same Nobel economics prize by Fama and Shiller (The Oddest of Bedfellows) importantly aids the deception of the people that I cited above.