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Risk on or Risk off? An NYU professor's take

Bogleheads • View forum - Investing - Theory, News & General - www.bogleheads.org
This guy puts out a lot of free content, FYI.

Quick takeaway: Largely because of historically low interest rates, equities do not *appear* significantly overvalued by historical standards. He is referring to the risk premium, or extra compensation [theoretically] demanded by investors for holding equities.


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