Excess Returns  cover image

Show Us Your Portfolio: Larry Swedroe

Excess Returns

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The Beta of a Portfolio

When he was young, and I had a good stable job, at least I feel fact did, I was 100% equities. But about now, seven or eight years ago, there was a big change in the markets with the introduction of what is called an ittable fund structure. That opened up the market to bringing assets that the Yeltsin-Hovids of the world had been investing in for decades,. And competition has started to drive those prices down.

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