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The Equity Premium Puzzle, Intrinsic Growth & Monetary Policy An Unexpected Solution: Theory & Strategy for the Coming Jobless Age - Softcover
The guy who discovered the equity premium does not invest in it. He is not the only one. High profile money managers routinely fail to measure up to the indexes they compare themselves to. That says a lot about why the equity "premium" is considered a puzzle. How would you get it if you wanted to? What is it? Stocks, also called equities, as a group not individually provide 7% to 8% higher returns than bonds or mortgages or most other kinds of investments whenever you look at periods 20 years or longer. How can the returns of a group of stocks be greater than the returns of individual stocks? It seems to violate arithmetic. The whole is greater than the sum of the parts because stock indexes are perpetual. They rotate in new companies which have achieved the requirements of the index (not flighty new issues) to replace older companies which are declining. You can do this. Change the lives of yourself and all your descendents. Might some of them live more than 20 years even if you don't? Learn how you can dramatically improve your investing style, why you should not worry about the FED, what you should have as long term goals instead of a career or retirement, why your career or small businesses is not diversified, the advantage of stocks over real estate or bonds, and how to rely more on being an investor. Learn the reasons behind market behavior, not simple prescriptions. Learn why stock picking is a bad idea, and what to do instead. Learn when and how to use credit, and why keeping your money in a bank may not be safe. Explore how your feelings about money and the origin of money influence you. Did you know the Roman Empire used almost no gold, and in the Bronze Age money was grain and you could eat it?
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About the Author:
Robert Shuler combines 50 years investing experience with the knack for finding hidden principles of a successful rocket scientist with half a dozen patents and several dozen publications in fields ranging from economics (corporate risk compensation, the equity premium) to physics (inertia & quantum gravity). He lives in Texas with his wife Natasha.
"About this title" may belong to another edition of this title.
- PublisherRobert Shuler
- Publication date2013
- ISBN 10 0991113004
- ISBN 13 9780991113002
- BindingPaperback
- Number of pages270
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