ronald would it still be accurate to say that the extra return over the investor's risk aversion (excluding selectivity) may be down to market timing, rather than taking on more systematic risk? some funds may be tied down to investor's risk aversion.
After 4 years still saved my life
Thanks! The best explanation of the topic. Hope to see more of your videos.
you are the best .. thank you alot
what if the fund manager makes abnormal returns from shorting a negative alpha stock? how would we decompose?
ronald would it still be accurate to say that the extra return over the investor's risk aversion (excluding selectivity) may be down to market timing, rather than taking on more systematic risk? some funds may be tied down to investor's risk aversion.