The market does not "reward" you for taking "risk" in that sense. You got lucky.... | Hacker News

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justincormack on Dec 11, 2012 | parent | context | favorite | on: You Are Naturally Short Housing

The market does not "reward" you for taking "risk" in that sense. You got lucky. Portfolio theory does suggest some risk premium on undiversifiable assets but not that.

gfodor on Dec 11, 2012 [–]

Seems like a semantic argument. Clearly the wealth did not fall from the sky.

justincormack on Dec 11, 2012 | [–]

Asset price changes are not wealth, they are inflation plus redistribution.

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