Robert Haugen Quote

Less volatile stocks tend to have negative abnormal profits; more volatile stocks tend to have positive abnormal profits.

Chapter 11, The Negative Payoff to Risk, p. 113 - The Inefficient Stock Market - What Pays Off And Why (1999)

Less volatile stocks tend to have negative abnormal profits; more volatile stocks tend to have positive abnormal profits.

Less volatile stocks tend to have negative abnormal profits; more volatile stocks tend to have positive abnormal profits.

Less volatile stocks tend to have negative abnormal profits; more volatile stocks tend to have positive abnormal profits.

Less volatile stocks tend to have negative abnormal profits; more volatile stocks tend to have positive abnormal profits.