JMF Capstone Wealth ManagementReversion To The Mean Phenomenon: Part III – JMF Capstone Wealth Management https://www.jmfcapstone.com An Alabama registered investment advisor Fri, 21 Nov 2025 19:30:19 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.22 Reversion To The Mean Phenomenon: Part III https://www.jmfcapstone.com/2014/03/12/reversion-to-the-mean-phenomenon-part-iii/ https://www.jmfcapstone.com/2014/03/12/reversion-to-the-mean-phenomenon-part-iii/#respond Wed, 12 Mar 2014 15:23:23 +0000 http://evolvemypractice.com/?p=705 Our last post looked at the issue of what is expected to happen as a country migrates from frontier to developed markets. We should expect to see the cost of capital fall in such a country. Among the reasons is that regulatory regimes, including protections for foreign investors, are typically strengthened. The falling equity risk premium demanded...

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]]> Our last post looked at the issue of what is expected to happen as a country migrates from frontier to developed markets. We should expect to see the cost of capital fall in such a country. Among the reasons is that regulatory regimes, including protections for foreign investors, are typically strengthened. The falling equity risk premium demanded by investors results in rising valuations, arising CAPE 10.

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