Implied Asset Returns By Beau Kramer
Published in
Jan 7, 2021
Insightful piece on implied investment returns by Beau Kramer. I’ve always liked to think about markets from the perspective of “What are markets discounting?” It was hammered into me early on that markets discount expectations of the future; and as an investor it would behoove you to first understand those expectations before placing your bets. Beau demonstrates one way of teasing out these market expectations.
