In Search of Safe Havens: The Trust Deficit and Risk-free Investments!
Musings on Markets
AUGUST 15, 2023
In every introductory finance class, you begin with the notion of a risk-free investment, and the rate on that investment becomes the base on which you build, to get to expected returns on risky assets and investments. Why does the risk-free rate matter? and the reverse will occur, when risk-free rates drop.
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