Research in the News
Professor Aswath Damodaran's research on the bond market
— December 7, 2016
Excerpt from The Wall Street Journal -- "Historically, stocks have been superior no matter how the bond market has performed. But a concurrent bond bull has aided stocks even more. For instance, during the secular bear market in bonds from 1946 through 1981, the S&P 500 generated a 10.7% annualized return. That turned a stock investment of $10,000 into about $352,000, or roughly 14 times as much as one in 10-year Treasury notes, based on data provided by New York University professor Aswath Damodaran."