Archive for December 2009
Baby boomer demographic and stock returns
Posted by: Michael Zhuang on: December 20, 2009
MIT economics Prof. James Poterba has conducted very rigorous research on the subject of demographic trends and asset returns. His research examined the relationship between demographic structure and returns on Treasury bills, long-term government bonds, and stocks, using data from the United States, Canada, and the United Kingdom. What he found? From his research, Poterba concluded: [...]
Equity Investing: Value vs. Growth in U.S. and International Markets
Posted by: Michael Zhuang on: December 2, 2009
In their seminal paper “The Cross-section of Expected Stock Returns,” Fama and French demonstrated that value stocks had outperformed growth stocks in the U.S. markets since 1963 (when CRSP data became available). They called this phenomenon the Value Premium.
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