Practical analysis for investment professionals

Edward F. McQuarrie

3 Posts


Edward F. McQuarrie, Ph.D., is Professor Emeritus at the Leavey School of Business at Santa Clara University. After retiring from Santa Clara in 2016, he pursued new research interests in financial market history and retirement income planning. Projects under way include errors of estimate in historical index returns, the fitful nature of size and value effects, fluctuations in the corporate bond premium, the annuity wager, and payoff analyses for Roth conversions. Working papers describing his research in progress can be downloaded at For more information, visit his website at He posts regularly at and occasionally at

Author's Posts
Stocks for the Long Run? Setting the Record Straight

Stocks are a good investment long-term, providing that you dial in your expectations. New historical findings provide a richer, more complete understanding of international returns.

What Price Risk? Unpacking the Equity Risk Premium

Stocks are a good wager over the long term, on favorable odds. But stocks remain a bet, and investors must grasp how much returns can vary over long time horizons.

Don’t Bank on the Equity Risk Premium

Sometimes, regardless of the holding period, stocks do underperform in absolute terms or relative to bonds.

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