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Risk and the Value of Securities†
Published online by Cambridge University Press: 19 October 2009
Extract
In retrospect, writing about “risk and valuation” is somewhat akin to killing Hydra, the mythical, many-headed creature which would grow two heads whenever one was cut off. It is only fair to admit at the outset that I cannot lay claim to have slain the beast. As a matter of fact, by the time the reader finishes the article, he may have concluded that the beast has more heads than ever!
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- Copyright © School of Business Administration, University of Washington 1969
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