LEADER 03606nam 2200661 a 450 001 9910139592903321 005 20231117050717.0 010 $a1-119-20543-3 010 $a1-118-11861-8 010 $a1-283-25795-5 010 $a9786613257956 010 $a1-118-11859-6 035 $a(CKB)2550000000051625 035 $a(EBL)697752 035 $a(OCoLC)759159262 035 $a(Au-PeEL)EBL697752 035 $a(CaPaEBR)ebr10494537 035 $a(CaONFJC)MIL325795 035 $a(CaSebORM)9781118099056 035 $a(MiAaPQ)EBC697752 035 $a(EXLCZ)992550000000051625 100 $a20110425d2011 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 14$aThe risk premium factor$b[electronic resource] $ea new model for understanding the volatile forces that drive stock prices /$fStephen D. Hassett 205 $a1st edition 210 1$aHoboken, N.J. :$cWiley,$dc2011. 215 $a1 online resource (210 p.) 225 1 $aWiley finance series ;$v702 225 1 $aTHEi Wiley ebooks 300 $aDescription based upon print version of record. 311 $a1-118-09905-2 320 $aIncludes bibliographical references and index. 327 $apt. 1. Exploring the risk premium factor valuation model -- pt. 2. Applying the risk premium factor valuation model. 330 $a"A radical, definitive explanation of the link between loss aversion theory, the equity risk premium and stock price, and how to profit from itThe Risk Premium Factor presents and proves a radical new theory that explains the stock market, offering a quantitative explanation for all the booms, busts, bubbles, and multiple expansions and contractions of the market we have experienced over the past half-century.Written by Stephen D. Hassett, President of Hassett Advisors, a specialist in value management, new venture strategy, development, and execution for high technology, web, and mobile businesses, the book convincingly demonstrates that the equity risk premium is proportional to long-term Treasury yields, establishing a connection to loss aversion theory. Explains stock prices from 1960 through the present including the 2008/09 "market meltdown" Shows how the S&P 500 has consistently reverted to values predicted by the model Solves the equity premium puzzle by showing that it is consistent with findings on loss aversion Demonstrates that three factors drive valuation and stock price: earnings, long term growth, and interest rates Understanding the stock market is simple. By grasping the simplicity, business leaders, corporate decision makers, private equity, venture capital, professional, and individual investors will fully understand the system under which they operate, and find themselves empowered to make better decisions managing their businesses and investment portfolios"--$cProvided by publisher. 410 0$aWiley finance series ;$v702. 410 0$aTHEi Wiley ebooks. 606 $aStocks$xPrices 606 $aCorporations$xValuation 606 $aBusiness cycles 606 $aStock exchanges 615 0$aStocks$xPrices. 615 0$aCorporations$xValuation. 615 0$aBusiness cycles. 615 0$aStock exchanges. 676 $a332.63/222 686 $aBUS027000$2bisacsh 700 $aHassett$b Stephen D.$f1961-$0875756 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910139592903321 996 $aThe risk premium factor$91955784 997 $aUNINA