Is the Price Right? Two Nobel Laureates Debate How Markets Work
Chicago Booth Review Podcast
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The Unresolvable Argument for Value Premiums
Dick Taylor: Value premium that low price price stocks tend to do better is unresolvable. So can you give your explanation and tell me what you're having? My explanation is that value stocks are just riskier than growth stocks, he says. Dick Taylor: There's no multi-period model that ever leads to the cap ban.
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