Introduction

Guy Fraser-Sampson
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Guy Fraser-Sampson: Cass Business School

Chapter Chapter 1 in The Pillars of Finance, 2014, pp 1-8 from Palgrave Macmillan

Abstract: Abstract Rather a long time ago I found myself sitting in a finance class as I studied for an MBA. For any reader who has studied finance themselves, we had just got to the stage where the lecturer was explaining that the risk premium of any investment was the same as its excess return. I struggled in vain to get my head around this. How could something good and desirable (excess return) constitute ‘risk’?

Keywords: Risk Premium; Excess Return; Finance Class; Finance World; Modern Portfolio Theory (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-26406-0_1

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DOI: 10.1057/9781137264060_1

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