Published Jul 13, 2009

Justin Fox on the Rationality of Markets

Russ Roberts engages with Justin Fox in a thought-provoking examination of market rationality, exploring Warren Buffett's value investing, critiques of traditional models, and systemic financial risks. Together, they delve into the efficient market hypothesis and address the implications of market behavior for future economic stability.

Episode Highlights

Topics covered

Episode Highlights

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Dexa/Russ Roberts

Justin Fox on the Rationality of Markets

Topics covered

Popular Clips

The Future of Finance

Uncovering Investment Strategies

The Disappearance of Beta

The Myth of Rational Markets

Rationality and Market Instability

Behavioral Paradigm Debate

The Role of Statistical Models in Economics

Risk and Hubris

Warren Buffett's Investing Strategy

Index Funds and Market Performance

Unraveling Financial Strategies

Challenging Efficient Markets

The Rational Market Debate

Hubris and Systemic Risk

Episode Highlights

Investment Strategies

Financial System Risks

Market Efficiency Debate

Related Episodes

Eugene Fama on Finance

Vernon Smith on Rationality in Economics

Michael Munger on Free Markets

Jason Zweig on Finance and the Devil's Financial Dictionary

Joel Waldfogel on Markets, Choice, and the Tyranny of the Market

Russ Roberts (and Robin Hanson) on Truth and Economics

Michael Munger on the Nature of the Firm

Does Market Failure Justify Government Intervention? (with Michael Munger)

Alan Wolfe on Liberalism

Milton Friedman on Capitalism and Freedom

Mary Hirschfeld on Economics, Culture, and Aquinas and the Market

Milton Friedman on Money

Russ Roberts on the Price of Everything

An Interview with Gary Becker

Robert Frank on Dinner Table Economics

Justin Fox on the Rationality of Markets

Topics covered

Popular Clips

Episode Highlights

Investment StrategiesThe conversation shifts to value investing, with Justin Fox examining Warren Buffett's strategic approach and the broader implications of behavioral finance. He critiques traditional finance models and discusses the role of government in economic crises.

Investment Strategies

Financial System RisksThe conversation shifts to systemic risks and the lessons learned from financial crises. Justin Fox and Russ Roberts examine how statistical models and market behaviors contribute to systemic failures and discuss the implications for future financial stability.

Financial System Risks

Market Efficiency DebateJustin Fox, author of "The Myth of the Rational Market," joins Russ Roberts to explore the history and challenges of market efficiency. They discuss the efficient market hypothesis, its criticisms, and the implications for financial stability.

Market Efficiency Debate

Related Episodes