The long-standing theory has been that high reward compensates for high risk. However, as the path of markets are never linear and include periods of volatility, low-beta stocks can tend to outperform over the long run. Marty Laprade, CFA, and Marc Davis, CFA write about this market dynamic in a study of investment behavior and how a focus on reasonable growth has proven successful over time.
Read the full paper here:
The Opportunity for Reasonable Growth
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