How to explain in simple terms a statement - ” real estate is an ex post redundant asset in the presence of hedge funds and commodities”. Intuitively what does it mean?
TY.
does not provide the necessary diversification effect in the presence of hedge funds / commodities.
look at the sharpe ratio / returns / std dev for the 3 cases:
Stocks + bonds + RE
Stocks + bonds + RE + HF + Commidities
Stocks + bonds + HF + Commodities
发表于 2013-5-7 22:02
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