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Acuity 51: How long is long term?

October 30, 2019
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In a nutshell, the that long time periods are required to be reasonably sure that the average equity premium, the average size premium, or the average value premium will be positiveā€¦Indeed, no matter how long the investment period, one can never be perfectly certain that the realized average premium will be positive. Such is the nature of risk and return!

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