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Suppose you believe that the source of the value risk premium is due to high correlation of value stocks with the long-term consumption growth. What
Suppose you believe that the source of the value risk premium is due to high correlation of value stocks with the long-term consumption growth. What should a tenured professor (great job security, little increase in income even when the economy is doing well) do in terms of investing in value stocks relative to an average investor?
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Value Investing for a Tenured Professor with Low Risk Tolerance Given the belief that value stocks are highly correlated with longterm consumption gro...Get Instant Access to Expert-Tailored Solutions
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