‘CAPM’s Not Working’ Moment
14:04–15:24 · 80s
Ben quotes Fama-French’s blunt line that market betas show little relation to returns and lays out their leap to add size and value as missing risks the market actually prices.
14:04–15:24 · 80s
Ben quotes Fama-French’s blunt line that market betas show little relation to returns and lays out their leap to add size and value as missing risks the market actually prices.
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