The main goal of this essay is creating behavioural strategy on the market
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Nowadays various investors are concerned to the stock market by the vision of high returns united with small long-term risk. All investors want to have their part for eating it. If predictable stock returns are constant over period, then someone can expects to earn high stock returns in the future similar to the high returns of the past. But stocks are much riskier than bonds in the long term in such a case, just as they are in the short term. If stocks mean-revert instead, then for long-term investors they are comparatively safe assets; but future returns are likely to be meager in that case, because mean-reversion relaxes the spectacular
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