But if the markets are already getting it right, who needs finance professors?
In 1956, he joined the graduate business school there as a professor of finance.
He joined the faculty as an assistant professor of finance in 1952.
A bidding war has broken out among the nation's business schools for finance professors.
A number of finance professors have discovered, to their amazement, that it seems to work.
After returning to Lahore, he becomes professor of finance in the local university.
For one thing, the demand for finance professors is too strong.
"They were going to take my essay and send it to two finance professors in the field," he recalled.
Then, from 1977 to 1987 he was a finance professor on the faculty of Indiana University.
She worked as an assistant professor of finance at Stanford University from 2002 to 2006.