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标题: Reading 56 - Active PM Question [打印本页]

作者: mkytz15    时间: 2013-5-9 19:49     标题: Reading 56 - Active PM Question

Can anyone explain this:
A perfect timing porfolio’s return cannot be said to be more risky than a 100% T-bill portfolio – thus the standard deviation is a misleading indicator of risk?




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