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I mean it does mean that they don't have faith in their ability to beat the market on average across significant time spans.
by mort96 2y ago
I mean it does mean that they don't have faith in their ability to beat the market on average across significant time spans.
- KptMarchewa 2y agoOr, it's just that risk management isn't about faith.
- mort96 2y agoIn my eyes, "we have sincere faith in our ability to sustain higher-than-market returns on average" and "our risk management calculations tell us that we will have beat the market on average with very high probability" are the same statement.