Kenneth R. French is the Carl E. and Catherine M. Heidt Professor of Finance at Dartmouth College. Martin N. Baily is a senior fellow at the Brookings Institution. John Y. Campbell is the Morton L. and Carole S. Olshan Professor of Economics at Harvard University. John H. Cochrane is the Rose-Marie and Jack Anderson Senior Fellow at the Hoover Institution at Stanford University. Douglas W. Diamond is the Merton H. Miller Distinguished Service Professor of Finan...