Tail Risk Hedging | Nassim Taleb, The Fed, Macro 'Investing', Faith Based Alpha & Antifragility
Pirates of Finance
00:00
The Equity Risk Premium
The equity risk premium is an expectation concept though just because the realization is negative doesn't mean that the expectation shouldn't be positive. It's a random distribution right so if I say the equity riskPremium is 5% but by the way the ball around this is plus or minus 10% then yet you can probably holistically have a negative expected return decade. Like that's the earning the equity risk premium.
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