Fortune Magazine asks: “What can you learn from Mr. Efficient Markets now?”

We are thrilled that Gene Fama was awarded the 2013 Nobel Prize in Economic Sciences. Professor Fama’s work remains a foundation of our approach, and his groundbreaking work inspired the founding of Dimensional Fund Advisors, one of our strategic partners. Professor Fama currently serves as a director and consultant for DFA.

This article’s outstanding profile of Gene’s background, hobbies and life’s work is well worth your time.

The story that follows is one of the more technical pieces that we have shared on our blog, but it is a fun introduction to Cliff Asness for those who aren’t yet familiar with his name. As referenced in another recent post, Cliff was a student of Gene Fama and since founded AQR Capital Management. Though his approach may seem lighthearted, his intent is seriously aimed at helping investors sort through the noise.  For example, the word “Bubble” is not only overused, but—for efficient-market fans like us—“It should never be uttered outside the tub.” Click here to read Cliff’s Top 10 Peeves.

Stay tuned for more in the future from AQR!

We are thrilled to share the news that, this week, Eugene Fama, the “father of modern finance,” was awarded the Nobel Prize in Economic Sciences. Professor Fama was honored along with fellow professors Lars Peter Hansen and Robert Shiller for their “empirical analysis of asset prices.” Among America’s most prolific and cited researchers, he focuses much of his study on market prices.

It is rewarding to see such a high level of recognition given to Professor Fama. His contributions have served as a bedrock for our investment philosophy and have shaped how we help our clients achieve their most important goals. All of us at Hill Investment Group congratulate Professor Fama on this great honor.

To read more, visit nobelprize.org.