
Whipsaws, Drawdowns, and Disbelief | Eric Crittenden on the Best Diversifier No One Buys
Excess Returns
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Understanding Financial Markets: Risk Transfer vs. Capital Formation
This chapter explores the two main types of financial markets: risk transfer markets and capital formation markets. It emphasizes the importance of equity and bond markets for business funding and analyzes the complexities of hedging strategies used to manage financial risks. The discussion underscores the need for effective risk management and the potential benefits of blending various investment strategies to enhance portfolio performance.
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