In the final Show-Me Forum of 2011, Missouri Bankers Chair John Howe and Show-Me Institute President Rex Sinquefield discuss the “efficient markets hypothesis,” the idea that it’s impossible to “beat the market” because stock prices reflect all available information. Professor Howe takes a theoretical approach from the start, but buttresses his arguments with a number of studies and experiences.
About the Author
Rex Sinquefield
Rex Sinquefield is co-founder and former co-chairman of Dimensional Fund Advisors, Inc. He also is co-founder of the Show-Me Institute. In the 1970s, he co-authored (with Roger Ibbotson) a series of papers and books titled Stocks, Bonds, Bills & Inflation. These works provided the first seminal data on the performance of the financial market in the United States. At American National Bank of Chicago, he pioneered many of the nation's first index funds. He is a life trustee of St. Louis University and DePaul University and a trustee of the St. Vincent Home for Children in Saint Louis. He serves on the boards of the Saint Louis Symphony Orchestra, the Saint Louis Art Museum, the Missouri Botanical Garden, Opera Theatre of Saint Louis, and Saint Louis University. He received a B.S. from Saint Louis University and his M.B.A. from the University of Chicago in 1972.
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