Widespread investment wisdom dictates that there are two “irrational” tendencies of human behavior that harm investment performance when acted on excessively: greed and fear. In a simple sense, “greedy” investors want maximum participation in rising markets and “fearful” investors want minimum participation in falling markets. Upside and downside capture...
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Upside and Downside Capture Ratio Statistics: Caveats and Cautions
By
Dr. David Esch
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