The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."

Friday, August 3, 2012

Is there an "equity risk premium puzzle"? Check out tomorrow's AFR column

Yep, have a look at my long-term return analysis in tomorrow's AFR. I think I can crack the "famous equity risk premium puzzle". On the basis of what I discuss in my column, there is no puzzle.