The Risk Return Tradeoff in the Long-Run: 1836-2003 by Christian Lundblad

SSRN-The Risk Return Tradeoff in the Long-Run: 1836-2003 by Christian LundbladLundblad looks at US stock data from 1836 and finds sure enough that risk and return are related. SHOCK!Key quote:"I obtain a positive and significant relationship between the expected market return and conditional market volatility regardless of how the model is specified."Whew. Risk and return are related. Not that I