I always remind myself that what one observes is at best a combination of variance and returns, not just returns.


Fooled by Randomness (2001)


I always remind myself that what one observes is at best a combination of variance and returns, not just returns.

I always remind myself that what one observes is at best a combination of variance and returns, not just returns.

I always remind myself that what one observes is at best a combination of variance and returns, not just returns.

I always remind myself that what one observes is at best a combination of variance and returns, not just returns.