Not quite true. Higher volatility makes both CAGR lower and holding costs higher. Lower-volatility investments are thus closer to their naïve historical mean. S

Not quite true. Higher volatility makes both CAGR lower and holding costs higher. Lower-volatility investments are thus closer to their naïve historical mean. See also: https://entropicthoughts.com/do-stonks-go-up https://entropicthoughts.com/do-stonks-go-up