The Wildness Lies in Wait

By Paul Kedrosky · December 5, 2005 · ·

The following is from a great presentation by money managers at GMO back in November. It shows how common utterly uncommon events are in the capital markets:

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Comments

  1. LionKing says:
    December 7, 2005 at 1:36 pm

    The Strongest Argument Against Day Trading.

  2. David D says:
    December 8, 2005 at 11:28 am

    …also a good arguement that average and standard deviation may be good measures for computing average return, but are not descriptive enough to appropriately describe risk.