Jeremy Siegel, the Russell E. Palmer Professor of Finance at the Wharton School of the University of Pennsylvania, received his Ph. D. in Economics at MIT in 1971. He is the author of The Future for Investors and Stocks for the Long Run, the latter named by the Washington Post and Business Week as one of the ten-best investment books of all time. He has received numerous awards and citations for his research, including the prestigious Nicholas Molodovsky Award by the Chartered Financial Analyst and is a regular columnist for Yahoo Finance and Kiplinger’s magazine.
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Efficient Market Theory and the Recent Financial Crisis
The world economy in 2008-2009 has passed through the most severe economic downturn since World War II. This global recession was preceded by the collapse of some of the largest financial institutions in the world.