Showing 1 - 10 of 656
Persistent link: https://www.econbiz.de/10003827728
"The expected time- and risk-adjusted cumulative return on any asset equals one at all horizons. Nonetheless, I show that a typical asset's realized time- and risk-adjusted cumulative return tends to zero almost surely. As a corollary, the value of a typical long-dated asset is driven by extreme...
Persistent link: https://www.econbiz.de/10003994974
Persistent link: https://www.econbiz.de/10009298508
Persistent link: https://www.econbiz.de/10003355308
Persistent link: https://www.econbiz.de/10000841545
Persistent link: https://www.econbiz.de/10000818752
Persistent link: https://www.econbiz.de/10000682409
Persistent link: https://www.econbiz.de/10000663353
Persistent link: https://www.econbiz.de/10011542118
Persistent link: https://www.econbiz.de/10011420912