Campbell Harvey, Professor of Finance, Fuqua School of Business, Duke University
Alpha Exchange
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The Market Is Not a 100 % Efficient Market
This is a great asset characteristic. It's got a positive expected return, it's got positive skew and it introduces exactly the right kind of conditional, i guess, bata offset to a risk acid portfolio. What do you think is the underpinning of such a, you know, such an attractive characteristic? So one thing that's really important, this is not without risk. And if we layer on some reasonable behave al assumptions, the the fact that it's got like a positive average return over all, that makes lov assens too.
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