The Fama Portfolio: Selected Papers of Eugene F. Fama

This collection presents selected papers from Eugene F. Fama, a Nobel Prize laureate in economic sciences and University of Chicago professor. Over his career, Fama has published more than one hundred papers with diverse and innovative contributions to finance and economics. Published around the fiftieth anniversary of Fama's appointment at the University of Chicago and his Nobel Prize, The Fama Portfolio compiles his central papers. Many are considered classics, including his essay on efficient capital markets. The collection addresses key questions in finance: how information is reflected in asset prices, the nature of risk, and whether active management creates value for clients. The book includes introductions and commentary by editors John H. Cochrane and Tobias Moskowitz, as well as by Fama's colleagues in finance. These essays explain how Fama's ideas have influenced subsequent thinking in financial economics over decades.