bc0e6d7f_ue_Investing__Timeless_Reading__Description
[Title] The Equity Risk Premium (2008 Edition) [Download] The Equity Risk Premium (ERP): Determinants, Estimation and Implications [Description] 
The equity risk premium (ERP) is a central input into discounted cash flow models, and more than any other number, it captures what investors think about stock prices in the aggregate. In this paper, we examiine the determinants of equity risk premiums and the three basic approaches used to estimate the number – surveys, historical returns and implied values. We look at why the approaches give you different answers and how to pick the right number to use in analysis.
Value Investing: Timeless Reading
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