
- UID
- 217989
- 帖子
- 270
- 主题
- 142
- 注册时间
- 2011-5-25
- 最后登录
- 2012-9-12
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The CML measures total risk, thus the total risk of any individual security is higher than that of a well-diversified portfolio with the same expected return. Therefore, the security is inefficient, and remember that all points below the CML are inefficient portfolios. |
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