General Mills: The Technically Risk-Free Stock? [View article]
I really like this article. You might like to read the evidence put together by Eric Falkenstein that suggests CAPM is deeply flawed as a practical tool. Indeed, empirical evidence suggests the that in the real world, the conclusions drawn from CAPM are almost precisely backwards. His latest book is called "The Missing Risk Premium: Why Low Volatility Investing Works." He also has a good blog that outlines many of his ideas.
Using His logic, it makes perfect sense that a low volatility stock like GIS has a superior long term record.
General Mills: The Technically Risk-Free Stock? [View article]
Using His logic, it makes perfect sense that a low volatility stock like GIS has a superior long term record.