Wednesday, June 13, 2018

I have been thinking about an intriguing issue: Where do returns come from? No, not which Fama-French factors are a source of outperformance, but rather, in the real world, what is it that leads any given portfolio to achieve a satisfactory level of returns relative to all of the surrounding events? Its a nuanced and…

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The post What Determines How Well Any Portfolio Performs? appeared first on The Big Picture.



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