The Papers that Changed Investing: The Arithmetic of Active Management

December 1990. William Sharpe receives the Nobel Prize in Economics at Stockholm City Hall. The prize is for the Capital Asset Pricing Model — a sophisticated framework showing how risk and expected return are related.

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DISCLOSURES:

This video is for informational and educational purposes only and does not constitute investment advice or a recommendation to buy or sell any security. Investing involves risk, including the potential loss of principal. Past performance is not indicative of future results.

The discussion of Eugene Fama and the Efficient Market Hypothesis is intended to illustrate academic concepts in finance and does not imply any endorsement of Index Fund Advisors, Inc. or its services.

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