Книга “The Risk Premium Factor” автора Стивена Хассетта представляет радикальное, окончательное объяснение связи между теорией избегания потерь, рыночной премией за риск и ценой акций и того, как можно извлечь из нее выгоду. “The Risk Premium Factor” представляет и доказывает радикально новую теорию, которая объясняет фондовый рынок, предлагая количественное объяснение всех бумов, крахов, пузырей и многократных расширений и сжатий рынка, которые мы пережили на протяжении последних полувека. Книга убедительно демонстрирует, что рыночная премия за риск пропорциональна долгосрочным доходностям казначейских облигаций, устанавливая связь с теорией избежания потерь.
Электронная Книга «The Risk Premium Factor» написана автором Stephen Hassett D. в году.
Минимальный возраст читателя: 0
Язык: Английский
ISBN: 9781118118597
Описание книги от Stephen Hassett D.
A radical, definitive explanation of the link between loss aversion theory, the equity risk premium and stock price, and how to profit from it The Risk Premium Factor presents and proves a radical new theory that explains the stock market, offering a quantitative explanation for all the booms, busts, bubbles, and multiple expansions and contractions of the market we have experienced over the past half-century. Written by Stephen D. Hassett, a corporate development executive, author and specialist in value management, mergers and acquisitions, new venture strategy, development, and execution for high technology, SaaS, web, and mobile businesses, the book convincingly demonstrates that the equity risk premium is proportional to long-term Treasury yields, establishing a connection to loss aversion theory. Explains stock prices from 1960 through the present including the 2008/09 «market meltdown» Shows how the S&P 500 has consistently reverted to values predicted by the model Solves the equity premium puzzle by showing that it is consistent with findings on loss aversion Demonstrates that three factors drive valuation and stock price: earnings, long term growth, and interest rates Understanding the stock market is simple. By grasping the simplicity, business leaders, corporate decision makers, private equity, venture capital, professional, and individual investors will fully understand the system under which they operate, and find themselves empowered to make better decisions managing their businesses and investment portfolios.
