Sunday 14, October 2012 by Jim O'Neill
Big Issues
Seen in the context of risk versus return, and especially the issues surrounding the equity risk premia (ERP), and with reference to long-term valuation techniques, it is not clear to me that current times are any more uncertain than they always have been. Moreover, as indicated by a high ERP and many regions of the world’s equity markets remaining so cheap compared to long-term valuations, this suggests that many are too obsessed about these supposed uncertainties.
