4 ms·
The market does not "reward" you for taking "risk" in that sense. You got lucky. Portfolio theory does suggest some risk premium on undiversifiable assets but n
by justincormack 14y ago
The market does not "reward" you for taking "risk" in that sense. You got lucky. Portfolio theory does suggest some risk premium on undiversifiable assets but not that.
- gfodor 14y agoSeems like a semantic argument. Clearly the wealth did not fall from the sky.
- justincormack 14y agoAsset price changes are not wealth, they are inflation plus redistribution.