Jonathan Shapiro: The stock market's last free lunch

We’re led to believe that the higher the risk, the higher the return. But that’s not actually how stock markets have worked, and no one can explain why.

Related Keywords

Sydney ,New South Wales ,Australia ,George Hadja ,Jeremy Grantham ,Phillip Morris ,Nick Ferres ,Blaise Pascal ,Eugene Fama ,Kenneth French ,Stephen Arnold ,Etienne Vlok ,Nvidia ,Exxon ,Microsoft ,Ibm ,Mastercard ,Citigroup ,Walmart ,Nestle ,Investment Etienne Vlok ,Vantage Point ,