78 - Hacking Expectancy, or Breaking the Market? w/ Matt Hollerbach
The Trade Busters
00:00
The Importance of Geometric Returns in Asset Allocation
One of the big themes is your focus on the importance of geometric returns, right? And that kind of informs your entire framework for asset allocation. You made this notion that this focus on geometric returns isn't that widely adopted and how the industry kind of focuses on arithmetic returns. Can you speak to like, is that just from what empirically what you've seen or is there research is seen that just shows people just focus on that? Why is it that there isn't more focus on geometric return?
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