Reflections on the equity risk premium and the Reversion of returns to the mean
Investors attempt in the medium/ long term to take advantage of the extra returns generated by participating as shareholders in the selected companies of their portfolios. Taking non diversifiable Risk is eventually compensated by higher returns. In addition, as the investment horizon expands returns exhibit a behavior observed in many aspects of life : a reversion to […]
Q1 2023 The rebound of growth and tech
In the aftermath of dismal year 2022 due to the well known reasons (FED, Ukraine, Covid/supply chains) and of the end of year tax selling we observed a strong reversion towards the mean long term returns The ACWI appreciated by 7.4 pct. The NASDAQ outperformed the S and P 500 and the barely positive DJI as […]