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10-K Diver — Finance For Everyone (EP.101)
Infinite Loops
What is the Volatility Tax?
The volatility tax is a tax on the expectation of returns, not on the returns themselves./nThe volatility tax is a probabilistic concept, and can be difficult to understand for those not familiar with super concepts like arithmetic and geometric expectations./nThe geometric average is the most likely return over a long period of time for those with a volatile stock or asset.
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