Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
FYI: One of the significant problems for the first formal asset pricing model developed by financial economists, the capital asset pricing model (CAPM), was that it predicts a positive relationship between risk and return. However, empirical studies have found the actual relationship to be flat, or even negative. Regards, Ted http://www.etf.com/sections/index-investor-corner/swedroe-low-vol-perspective?nopaging=1
