Remove CAPM Remove Innovation Remove Management Remove Present Value
article thumbnail

Why Those Guys Won the Economics Nobels

Harvard Business Review

Others, most notably money managers and former Fama students Cliff Asness and John Liew in an epic Institutional Investor article , have done a lot recent to clarify how Fama’s ideas and Shiller’s can at least co-exist peacefully. Back in the ‘60s, people developed the capital asset pricing model [CAPM] as a way to do that.

CAPM 8