"There is no way to predict the price of stocks and bonds over the next few days or weeks. But it is quite possible to foresee the broad course of these prices over longer periods, such as the next three to five years. These findings, which might seem both surprising and contradictory, were made and analyzed by this year’s Laureates, Eugene Fama, Lars Peter Hansen and Robert Shiller."
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Academics from the United StatesNobel laureates from the United StatesEconomists from the United StatesNobel laureates in EconomicsPeople from Illinois
Original Language: English
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Sources
"The Prize in Economic Sciences 2013," at nobelprize.org.
https://en.wikiquote.org/wiki/Lars_Peter_Hansen
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Lars Peter Hansen
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