Equity Risk Premiums: The Past, The Present and maybe The Future

INTRODUCTION Why do we take risk? Barring some adrenaline junkies1, most of us take risk in the search of rewards that might otherwise be out of reach. Over the Christmas holidays, I read Nigel Cliff’s The Last Crusade, The Epic Voyages Of Vasco da Gama. Da Gama and his crew took great personal risk to … Continue reading Equity Risk Premiums: The Past, The Present and maybe The Future