{"product_id":"risk-premium-factor-website-hassett-9781118099056","title":"The Risk Premium Factor, + Website: A New Model for Understanding the Volatile Forces That Drive Stock Prices","description":"\u003cb\u003eA radical, definitive explanation of the link between loss aversion theory, the equity risk premium and stock price, and how to profit from it\u003c\/b\u003e \u003cp\u003e\u003ci\u003eThe Risk Premium Factor\u003c\/i\u003e presents and proves a radical new theory that explains the stock market, offering a quantitative explanation for all the booms, busts, bubbles, and multiple expansions and contractions of the market we have experienced over the past half-century.\u003c\/p\u003e \u003cp\u003eWritten by Stephen D. Hassett, a corporate development executive, author and specialist in value management, mergers and acquisitions, new venture strategy, development, and execution for high technology, SaaS, web, and mobile businesses, the book convincingly demonstrates that the equity risk premium is proportional to long-term Treasury yields, establishing a connection to loss aversion theory.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eExplains stock prices from 1960 through the present including the 2008\/09 \"market meltdown\"\u003c\/li\u003e \u003cli\u003eShows how the S\u0026amp;P 500 has consistently reverted to values predicted by the model\u003c\/li\u003e \u003cli\u003eSolves the equity premium puzzle by showing that it is consistent with findings on loss aversion\u003c\/li\u003e \u003cli\u003eDemonstrates that three factors drive valuation and stock price: earnings, long term growth, and interest rates\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eUnderstanding the stock market is simple. By grasping the simplicity, business leaders, corporate decision makers, private equity, venture capital, professional, and individual investors will fully understand the system under which they operate, and find themselves empowered to make better decisions managing their businesses and investment portfolios.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Stephen D. Hassett\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1118099052\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781118099056\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Wiley\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 10\/04\/2011\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 208\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.91lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.12h x 6.38w x 0.77d","brand":"Stephen D. Hassett","offers":[{"title":"Hardcover","offer_id":44634410025215,"sku":"9781118099056","price":85.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_cf56c73c-7278-499f-b251-40af2e38f0e0.jpg?v=1703589187","url":"https:\/\/www.whiterainbookhouse.com\/products\/risk-premium-factor-website-hassett-9781118099056","provider":"WR Book House","version":"1.0","type":"link"}