The Capital Asset Pricing Model and the Investment Horizon: Comment
评论了Levhari和Levy在1977年发表的一篇论文，指出若将模型应用于大样本普通股，其结论不成立。
In this comment to a paper by Levhari and Levy published in this journal on February 1977 we provide evidence that shows that their conclusion does not hold if one applies the model to a large sample of common stocks.