Although size and book to market equity seem like ad hoc variables for explaining average stock returns, we have reason to expect that they proxy for common risk factors in returns. (Eugene Fama)

Although size and book to market equity seem like ad hoc variables for explaining average stock returns, we have reason to expect that they proxy for common risk factors in returns.

Eugene Fama

Related topics

average book common equity expect explaining market proxy reason risk size stock returns

Related quotes

'Tis the good reader that makes the good book a good head cannot read amiss in every book he finds passages which seem confidences or asides hidden from all else and unmistakeably meant for his ear.

Ralph Waldo Emerson

I was gravely warned by some of my female acquaintances that no woman could expect to be regarded as a lady after she had written a book.

Lydia Maria Child

Do you know, Considering the market, there are more Poems produced than any other thing No wonder poets sometimes have to seem So much more businesslike than businessmen. Their wares are so much harder to get rid of.

Robert Frost

Our observation of nature must be diligent, our reflection profound, and our experiments exact. We rarely see these three means combined; and for this reason, creative geniuses are not common.

Denis Diderot

The first question I ask myself when something doesn't seem to be beautiful is why do I think it's not beautiful. And very shortly you discover that there is no reason.

John Cage