Sharp: s appeler Sharpe et inventer le sharpe ratio.
« If you’re not thinking about risk, then you’re not thinking. » William Sharpe.
William Sharpe is a Nobel Prize-winning economist renowned for his work on the Capital Asset Pricing Model (CAPM) and the Sharpe Ratio, both of which highlight the central role of risk in pricing and evaluating assets. While the quote “If you’re not thinking about risk, then you’re not thinking” may not be his exact words, it captures the essence of his legacy: that risk must be understood, measured, and deliberately managed .
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Robert Shiller
Robert Shiller est un économiste américain, prix Nobel 2013, connu pour ses travaux sur les bulles spéculatives, l’économie comportementale et la finance. Il a développé l’indice Case-Shiller sur l’immobilier et popularisé le CAPE ratio (Price/Earnings ajusté au cycle) pour évaluer les marchés boursiers.
Quelques citations du bonhomme
Finance is not merely about making money. It’s about achieving our deep goals and protecting the fruits of our labor. It’s about stewardship and, therefore, about achieving the good society.
Some of the best theorizing comes after collecting data because then you become aware of another reality.
I think we do need to try to not just rely on the central bank to, in its wisdom, adjust interest rates, but allow for people to avoid being exposed to inflation risk.
Diversify, because that helps reduce risk. And you can diversify outside the United States. Some people would never invest in Europe - I think that’s a mistake.
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