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Justin Fox was born January 28, 1964 and is an American financial journalist, commentator, and writer born in Morristown, New Jersey. He is the editorial director of the Harvard Business Review Group and business and economics columnist for Time magazine. He graduated from Princeton University and has worked for Fortune magazine, The Birmingham News, and American Banker. His book, The Myth of the Rational Market, published by HarperCollins, traces the rise of the efficient-market hypothesis. It was a New York Times Notable Book of 2009 and was named the best business book of the year by Amazon.com.
He is a commentator on PBS's Nightly Business report. He is a Young Global Leader of the World Economic Forum. He was awarded the 2001 Business Journalist of the Year Award for writing about technology.
Speech Topics
The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street
One of the many factors that led to the financial crisis was the widely held assumption that markets behave rationally. If markets are rational, how come they are prone to disasterous crashes? Why aren't markets able to react to forecasted problems before they happen, like rational entities should? Justin Fox takes square aim at the concept of market rationality and explains how this theory grew from academic theory to preeminent investor dogma. Fox combines business history, economics and politics into a narrative that is more like a Hollywood thriller than a University textbook, and shows audiences how the financial crisis was not a short term lapse, but a long term process. One of America's most trusted business journalists, Fox reveals market rationality for what it is: a hopeful myth.
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