This section Introduces the main arguments in my book. That risk is not related to return in general, people pay to take risks in a misguided alpha search, and that the risk premium exists mainly as a return discount for the super-safe cash-like assets.

Finding Alpha Home

My Dissertation on volatility and returns

Finding Alpha

My Site with Default probs and equity indices

My Prior publications

My Blog (Falkenblog)

Minsky's Financial instability Hypothesis

Lettau and Ludvigson on the Consumption, Wealth, Income factor

Chen, Roll, Ross on the APT

waist to hip ratio

Option Return Puzzle

Financial Distress and Stock Return

Private Equity Puzzle

Idiosyncratic volatility and returns

Movie Ratings and Returns

lottery characteristics and revenues

longshot bias