Good article Jason. I like the idea of renaming and rethinking of the risk free rate. Their is no real risk free rate and names/concepts like 'the bedrock rate', or 'lowest-available-risk expected return' seem more appropriate.
Good article Jason. I like the idea of renaming and rethinking of the risk free rate. Their is no real risk free rate and names/concepts like 'the bedrock rate', or 'lowest-available-risk expected return' seem more appropriate.