标题: Something I find silly about Book 5 - Real Estate [打印本页] 作者: Howd 时间: 2011-7-11 20:07 标题: Something I find silly about Book 5 - Real Estate
How does CFAI justify all their conclusive statements in the text about real estate - "Adding REITS to a portfolio of stocks and bonds increases return", "Adding direct real estate...decreases return, but increases Sharpre", etc..... WHEN THEY USE THE 1990-2004 TIME PERIOD AS THEIR BASIS.
Geez... don't they read their own writing? Where is the caution over time period bias?? They happen to cite a lengthy period of a freakin' real estate bubble, that happens to end three years before a historic real estate crash, and use the evidence as conclusive data.
I just remember laughing at this in my first read through and in the subsequent few reviews.作者: dyga 时间: 2011-7-11 20:07
In sample #2 one of the answers adjusts the statement to read "improves the risk return profile" or some similar statement. "Increases return" was one of the incorrect answers. So, I think they have this one covered.
