Ah yes, the standard deviation is the most important variable in all of portfolio management.
THAT'S WHY IN A SHORT DOWN CYCLE MFG UNDERPERFORMED BY 17%, KILLED A DECADE OF OUTPERFORMANCE IN ONE YEAR WHILE FOCUSING ONLY ON BETA AND SCREAMING ABOUT TOTAL RETURN, AND EVEN ALMOST DESTROYED THEIR ENTIRE COMPANY FROM IT.
Thank GOD they had a single variable that has nothing to do with returns and is constantly changing day to day in check though!
The only people stupid enough to use standard deviation as a meaningful variable are too stupid or ill-equipped financially to have even a basic understanding of how it works or what MPT is for that matter.
Brain rot from active managers trying to scam morons into paying them a fee for underperformance.
Ah yes, the standard deviation is the most important variable in...
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$9.44 |
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Mkt cap ! $1.706B | |||
| Open | High | Low | Value | Volume |
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