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Warren Buffett, founder of Berkshire Hathaway and arguably one of the world's most successful investors, once said; In the business world, the rear-view mirror is

Warren Buffett, founder of Berkshire Hathaway and arguably one of the world's most successful investors, once said; "In the business world, the rear-view mirror is always clearer than the windshield."



What do you think are some of the difficulties of estimating expected future returns for a stock? 


How can the Capital Asset Pricing Model (CAPM) help?

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