Investing for the Short and the Long Term
收藏NBER1982-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w0922
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资源简介：
If asset returns have different dynamics, then their short and long run risk characteristics differ. For instance, if returns on one asset follow a random walk, it is very risky to hold for the long term even if it is quite safe for the short term. This paper examines the effects of different
提供机构：
美国国家经济研究局
创建时间：
1982-06-01
