Why Bother With Bonds?
Why Bother With Bonds?
"In a footnote, Rob gets off a great shot, pointing out that the 5% risk premium
seen in a lot of sales pitches is at best unreliable and is probably little
more than an urban legend of the finance community."
"My point in exploring this extended stock market history is to demonstrate that the widely accepted notion of a reliable 5% equity risk premium is a myth."
"In a footnote, Rob gets off a great shot, pointing out that the 5% risk premium
seen in a lot of sales pitches is at best unreliable and is probably little
more than an urban legend of the finance community."
"My point in exploring this extended stock market history is to demonstrate that the widely accepted notion of a reliable 5% equity risk premium is a myth."
posted by Han at 3:04 PM
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