[ahnuld]

im sitting im my investment portfolio management class and the prof. just got mad when I told him its irrational that volatility equates with risk. "..you cant beat the market" he answered me by saying.

Then he asked the class "if you had to describe a stock to a friend, what would you say?" Someone replies that you can look at the future growth prospects, and prof replies that we shouldnt look at that because its already priced into the market. Only thing to consider is risk and volatility.