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: Last week, I summarized William Sharpe’s long-standing claim that aggressive investors should leverage the market portfolio, rather than buy ever-riskier stocks. For one, argued Sharpe, the leveraged-market portfolio is better diversified. For another, discovered future researchers, those riskier stocks aren’t much good. They reliably deliver extra volatility—but not often extra returns. Regards, Ted
