Some highpoints of the history Eugene Fama and The Efficient Markets Hypothesis Random Walks in Stock Market Prices Financial Analysts Journal,1965,1995 Franco Modigliani&Merton Miller and MM Propositions "The Cost of Capital,Corporation Finance, and the Theory of Investment",American Economic Review,1958 22-522-5 Some highpoints of the history Some highpoints of the history ƒ Eugene Fama and The Efficient Markets Hypothesis “Random Walks in Stock Market Prices ”, Financial Analysts Journal, 1965,1995 ƒ Franco Modigliani & Merton Miller and MM Propositions “The Cost of Capital, Corporation Finance, and the Theory of Investment”, American Economic Review ,1958