50 years ago Nobel Laureate Fama became the first big user of computers in finance applying scientific rigor to investment management. In the video clip I love the computers that run off hole punched cards.
Fama believes that market prices include all known data therefore it is impossible to consistently beat the market. Frequently saying it means that the vast majority of investment professionals add no discernible value ( just go buy the market ).
Watch out for the wolf of Wall Street Fama!