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006 m u
007 cr cn|||||||||
008 110425s2011 njua sb 001 0 eng d
010 _z 2011017550
020 _z9781118118603 (e-book)
020 _z9781118118610 (e-book)
020 _z9781118099056
020 _z9781118118597 (e-book)
035 _a(CaPaEBR)ebr10494537
035 _a(OCoLC)759159262
040 _aCaPaEBR
_cCaPaEBR
050 1 4 _aHG4551
_b.H34 2011eb
082 0 4 _a332.63/222
_223
100 1 _aHassett, Stephen D.,
_d1961-
245 1 4 _aThe risk premium factor
_h[electronic resource] :
_ba new model for understanding the volatile forces that drive stock prices /
_cStephen D. Hassett.
260 _aHoboken, N.J. :
_bWiley,
_cc2011.
300 _axxv, 182 p. :
_bill.
490 1 _aWiley finance series ;
_v702
504 _aIncludes bibliographical references and index.
505 0 _apt. 1. Exploring the risk premium factor valuation model -- pt. 2. Applying the risk premium factor valuation model.
520 _a"A radical, definitive explanation of the link between loss aversion theory, the equity risk premium and stock price, and how to profit from itThe Risk Premium Factor presents and proves a radical new theory that explains the stock market, offering a quantitative explanation for all the booms, busts, bubbles, and multiple expansions and contractions of the market we have experienced over the past half-century.Written by Stephen D. Hassett, President of Hassett Advisors, a specialist in value management, new venture strategy, development, and execution for high technology, web, and mobile businesses, the book convincingly demonstrates that the equity risk premium is proportional to long-term Treasury yields, establishing a connection to loss aversion theory. Explains stock prices from 1960 through the present including the 2008/09 "market meltdown" Shows how the S&P 500 has consistently reverted to values predicted by the model Solves the equity premium puzzle by showing that it is consistent with findings on loss aversion Demonstrates that three factors drive valuation and stock price: earnings, long term growth, and interest rates Understanding the stock market is simple. By grasping the simplicity, business leaders, corporate decision makers, private equity, venture capital, professional, and individual investors will fully understand the system under which they operate, and find themselves empowered to make better decisions managing their businesses and investment portfolios"--
_cProvided by publisher.
533 _aElectronic reproduction.
_bPalo Alto, Calif. :
_cebrary,
_d2013.
_nAvailable via World Wide Web.
_nAccess may be limited to ebrary affiliated libraries.
650 0 _aStocks
_xPrices.
650 0 _aCorporations
_xValuation.
650 0 _aBusiness cycles.
650 0 _aStock exchanges.
655 7 _aElectronic books.
_2local
710 2 _aebrary, Inc.
830 0 _aWiley finance series ;
_v702.
856 4 0 _uhttp://site.ebrary.com/lib/daystar/Doc?id=10494537
_zAn electronic book accessible through the World Wide Web; click to view
908 _a170314
942 0 0 _cEB
999 _c128029
_d128029