Recollections: Finance in the 1960s, the University of Chicago

Featuring Gene Fama, Dick Roll, and Myron Scholes

Synopsis:

The University of Chicago in the 1960s was ground zero for a data-driven scientific revolution that radically transformed the academic world of financial economics and real-world investment practices. In this roundtable discussion, Eugene Fama, Richard Roll, and Myron Scholes share memories of the culture and personalities of the U of C finance group in the 1960s, including the roles played by Merton Miller and Michael Jensen in that remarkably productive research environment. The discussion includes both funny personal stories as well as some background details on the research process that led to recognition of fundamental ideas now taken for granted by financial economists.

Link to seven-minute preview of the video: https://www.youtube.com/watch?v=asOyoSNAVMk

Link to the full video: https://www.youtube.com/watch?v=-R1XdDNTnmE