https://seekingalpha.com/article/4323075-data-update-3-for-2020-price-of-riskData Update 3 For 2020: The Price Of Risk
When investing, risk is a given, and if you choose to avoid it, at any cost, you will, and in the last decade, you have borne a staggering cost in terms of returns unearned.
If you want to earn higher returns, you have no choice but to expose yourself to risk, and when you do, the key question becomes whether you are being compensated sufficiently for taking that risk.
Since my market timing skills are non-existent, I prefer to stay market neutral and stick to valuing companies using the prevailing equity risk premiums.
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