q******g 发帖数: 23 | 1 1) The reason why it is a simple question (after studying the
bascis of MBA Finance courses):
According to the mainstream financial books, the risks can be
divided into "undiversified" risks (market risks) and "diversified"
risks (idiosynchratic risks or company-specific risks).
The market does NOT pay for "diversified risks". In other words,
you have nothing in return by bearing "diversified risks".
Actually you can diversify away the risks.
You can not diversify away "market risks" and you are |
|