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intergenerational neutrality

what does it mean?

you have to add inflation to your exp return so that you can maintan the purchasing power. it is just another term.

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so another way of saying, maintaining real value of your assets?

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Essentially, if you do not preserve the real value of your assets, you are favoring the current generation over the future generation.

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If I remember the real key takeaway was actually not GROWING the portfolio in REAL terms, just providing inflation protection. EG inflation is matched by return, nothing more.

If you provide real growth above and beyond inflation and any fund mgmt expenses, each subsequent generation gets a benefit above and beyond the prior generation.

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intergenerational neutrality

AF, picking the most obscure word in the CFA book and asking the definition of it

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heteroskedaticity anyone? anyone?

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SkipE99 Wrote:
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> heteroskedaticity anyone? anyone?


Thats' so 2010 and not as obscure as intergenerational neutrality

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Sorry I am so 2000 and late

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