tag:blogger.com,1999:blog-7905515.post8782475664241351542..comments2024-03-14T11:09:32.759-05:00Comments on Falkenblog: How to Derive the CAPMEric Falkensteinhttp://www.blogger.com/profile/07243687157322033496noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7905515.post-59811902080441951342009-07-02T10:31:26.897-05:002009-07-02T10:31:26.897-05:00...I actually critique the CAPM and its derivative......I actually critique the CAPM and its derivatives rather severely and specifically, but first I have to describe it...<br />As to getting others to opine, I think that for those who understand what the equity risk premium is, this critique is simply too radical at this time to contemplate. For those who do not understand what the risk premium is, they don't care too much. However, I think it has some rather straightforward implications for those who don't care about abstract issues, because of beta arbitrage, and avoiding volatile investments that lower returns and increase volatility and covariance.Eric Falkensteinhttps://www.blogger.com/profile/07243687157322033496noreply@blogger.comtag:blogger.com,1999:blog-7905515.post-65087232247467893672009-07-01T22:04:23.391-05:002009-07-01T22:04:23.391-05:00Beware Falken! by leaving these three minute tease...Beware Falken! by leaving these three minute teasers ("porn") you risk reducing rape ("purchase")Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7905515.post-76484631667692672872009-07-01T20:46:14.344-05:002009-07-01T20:46:14.344-05:00I am currently reading your book, and your argumen...I am currently reading your book, and your argument seems good, but I am not personally familiar with the finance literature on this topic, so it is hard for me to be sure. One thing that would go a long way to help convince me is to find credible people to engage your argument. They don't have to agree with with your argument to make it convincing, just fail to come up with good reasons to reject it. Bonus points for finding credible people who are also bloggers to engage your argument.jsalvatihttps://www.blogger.com/profile/16509764680257537430noreply@blogger.com