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Independent Financial Advisors Anchorage Alaska

Professor Eugene Fama – Why Do Small Caps And Value Stocks Outperform

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Eugene Fama, Robert R. McCormick Distinguished Service Professor of Finance, May 24, 2012.

Starting in the 1960’s, market volatility was seen to be the sole driver of asset pricing, as expressed in the Capital Asset Pricing Model known as CAPM. In 1992, this award-winning academic co-authored a paper which identified two other variables that drive asset class returns.