Risk Premia
topic on 1 show · 2 statements across 2 episodes
2 statements about Risk Premia, every show
Douvos: Venture risk premium may just be a horizon premium
“Maybe the risk premia all arises from the horizon premium, which is just like being able to take a longer term bet than the next guy.”
Time Horizon Is the Only Durable Risk Premium Left in Investing
“He said that all of the risk premia have been arbitraged away, except for one. He said, horizon. People just need cash sooner. And by being a long-term liquidity provider, you know, if we can be, he, I think his phrase is BLT investor, if we can be a beyond th…”