Data Update 4 for 2022: Risk = Danger + Opportunity!
Musings on Markets
FEBRUARY 8, 2022
The disagreements rise in how to measure this relative risk, and risk and return models in finance have tried, with varying degrees of success, to come up with this measure. I believe that a company's regression beta is an extremely noisy measure of its risk, and mistrust the betas reported on estimation services for that reason.
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