B. Back briefly to a specific short lesson in long-term stock returns and geometric means (see 2017 SBBI Yearbook excerp
Posted: Thu May 19, 2022 10:16 am
B. Back briefly to a specific short lesson in long-term stock returns and geometric means (see 2017 SBBI Yearbook excerpts) and the periods that aren't normal 1. Look at the information on (part of) the 1920s and the 1930s by comparison with the overall results? How does this fit Galbraith's narrative? 2. Hyman Minsky-the scholar from whom Kindleberger and Aliber get their model of manias, panics, and crashes-had a short saying: "Periods of stability create their own instability." In what sense do the data from this Yearbook indicate some support for this claim?