By Eric Falkenstein, who adds: “This is a critique of asset pricing theory. Some knowledge of the empirical issues in academic finance are required for it to make sense. It’s a substitute for Cochrane’s Asset Pricing text.”
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A must-view for value investors and all students of investing history.
With inflation tame, Fed can be patient
Another great sketch from Carl Richards: From Richards’ newsletter accompanying the sketch: In my conversations about money, the most common desire people express is […]
Only one country saw its default risk increase in 2012.