In The Equity Risk Premium, financial advisor, author, and scholar Bradford Cornell makes accessible for the first time an authoritative explanation of the equity risk premium and how it works in the real world. Step by step, his lucid, non-technical presentation leads the reader to a new and more enlightened basis for making asset allocation choices.Using Investor Returns to Assess Stock-Market Performance The basic metrics for assessing stock-market performance are ... Holding-period returns can be calculated over any time interval (aquot;the periodaquot;), but the most common choices are 1 day, 1 month, and 1 year. ... 6 See, for example, French and Roll (1986) and Shiller An Introduction to Stock-Market History 9 Using Investor Returns to Assess anbsp;...
|Title||:||The Equity Risk Premium|
|Publisher||:||John Wiley & Sons - 1999-05-26|