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Old 09-11-2006, 06:30 PM
NajdorfDefense NajdorfDefense is offline
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Join Date: Feb 2003
Location: Manhattan
Posts: 8,227
Default Re: Risk \"drag\" in investing, poker

compound/geometric return is the correct metric, not average annual.

Increased risk <> increased return, ceteris paribus, otherwise you could spend the rest of your $$$ on lotto tix tonite and go home happy.

Vol <> risk.
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