On the Risk of Stocks in the Long Run: A Comment

Robert Ferguson and Dean Leistikow

Financial Analysts Journal, 1996, vol. 52, issue 2, 67-68

Abstract: Diametrically opposite conclusions about stocks' long-term risk follow from Bodie's methodology (see Financial Analysts Journal, May/June 1995). Bodie's conclusion that stocks' risk increases monotonically with the investment horizon is incorrect. Conventional wisdom about the long-term risk of stocks has not been refuted.

Date: 1996
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DOI: 10.2469/faj.v52.n2.1982

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