Using Risk To Reverse Engineer Return Premia Estimates
etfps.substack.com
The market gods have cursed investors by decreeing that expected return is the most important variable in portfolio design — and also the most challenging for developing robust estimates. How to proceed? Carefully, cautiously, and with an above-average dose of humility.
Using Risk To Reverse Engineer Return Premia Estimates
Using Risk To Reverse Engineer Return Premia…
Using Risk To Reverse Engineer Return Premia Estimates
The market gods have cursed investors by decreeing that expected return is the most important variable in portfolio design — and also the most challenging for developing robust estimates. How to proceed? Carefully, cautiously, and with an above-average dose of humility.