PT  - JOURNAL ARTICLE
AU  - Lacy H. Hunt
AU  - David M. Hoisington
TI  - Estimating the Stock/Bond Risk Premium
AID  - 10.3905/jpm.2003.319870
DP  - 2003 Jan 31
TA  - The Journal of Portfolio Management
PG  - 28--34
VI  - 29
IP  - 2
4099  - https://pm-research.com/content/29/2/28.short
4100  - https://pm-research.com/content/29/2/28.full
AB  - New light shed on the risk premium of stocks over long U.S. Treasury bonds indicates that most research has overstated the advantages of stocks over bonds. Over long periods, bonds have actually outperformed equities. Certain conditions are found to have likely produced these results.