Empirical Evidence on Security Returns Chapter

This chapter contains substantial new material on the equity premium puzzle. It reviews new evidence questioning whether the historical-average excess return on the stock market is indicative of future performance. The chapter also examines the impact of survivorship bias in our assessment of security returns. It considers the potential effects of survivorship bias on our estimate of the market risk premium as well as on our evaluation of the performance of professional portfolio managers.

PREFACE

Stocks and Shares Retirement Rescue

Stocks and Shares Retirement Rescue

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