tag:blogger.com,1999:blog-7250395384138708711.post3138528018751033135..comments2023-05-20T05:23:45.734-04:00Comments on Finance Clippings: Nobel Prize for Economics - Fama, Shiller and HansenRichhttp://www.blogger.com/profile/16883355600904464858noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7250395384138708711.post-92076191236583726242013-10-14T15:30:29.268-04:002013-10-14T15:30:29.268-04:00In terms of short run and long run - EMH says that...In terms of short run and long run - EMH says that you can't predict prices tomorrow. But in the late 1990s I would have put pretty good money on tech stocks trading lower at some point. Same with house prices in 2006. That's what I mean when I talk about short and long run. But I agree that eventually the cold hard reality of market efficiency will come down on all bubbles.Richhttps://www.blogger.com/profile/16883355600904464858noreply@blogger.comtag:blogger.com,1999:blog-7250395384138708711.post-32903439389350654072013-10-14T15:22:16.177-04:002013-10-14T15:22:16.177-04:00Also, I think I would say that Fama has it right i...Also, I think I would say that Fama has it right in the long run and Shiller in the short, not the other way around.Anonymoushttps://www.blogger.com/profile/17683058111893318076noreply@blogger.comtag:blogger.com,1999:blog-7250395384138708711.post-90125747492844433532013-10-14T15:20:33.653-04:002013-10-14T15:20:33.653-04:00It also proves that the Nobel selection committee ...It also proves that the Nobel selection committee for Economics has a wry sense of humor. :)Anonymoushttps://www.blogger.com/profile/17683058111893318076noreply@blogger.com