John Lintner News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Bloomberg Markets) -- In November a curious paper dropped on SSRN, an online hub widely used by economists to circulate their work. The paper’s authors are two of the most important figures in academic finance: Kenneth French, of Dartmouth College’s Tuck School of Business, and Eugene Fama, a Nobel Prize-winning economist from the University of Chicago. The article itself seems modest, reading like a technical footnote to research the duo published 30 years ago, about stock market returns.Most

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The latest thoughts on index investing from its first advocate.

Doug Kass: What's Going On With the Market's 'Warp Speed' Dive?

A bird in the hand is worth two in the bush.[1] In investing, this describes investors’ preference for dividends (the bird in the hand) relative to future price appreciation (two in the bush). While this preference is undeniable, the impact of dividends on company valuation represents a fault line between a traditional finance view and a behavioral finance view of markets: From a  traditional finance standpoint—where all investors are rational and markets efficient—the relevance of dividends on firm valuation can be tenuous because investors should be indifferent between dividends...