Long Run Equity Return in GGM/Grinold Kroner Framework
In reading 10, the curriculum introduces the following equation. The equation ties the trend growth rate to the value of …
In reading 10, the curriculum introduces the following equation. The equation ties the trend growth rate to the value of …
Capital Appreciation The main driver of long-term equity returns is capital (or price) appreciation. Equities tend to outperform other asset …