The Behavior of Stock-Market Prices.

FAMA, Eugene F.

Item Number: 3038

Chicago: The University of Chicago, 1965.

Octavo, original wrappers. Signed by Eugene F. Fama on front panel. In good condition with some damp staining to some of the pages. Exceptionally rare.

Fama is most often thought of as the father of efficient market hypothesis, beginning with his groundbreaking Ph.D. thesis. His thesis, which concluded that stock price movements are unpredictable and follow a random walk, was published in the January, 1965 issue of the Journal of Business, entitled "The Behavior of Stock Market Prices".