dory36
Early-Retirement.org Founder, Developer of FIRECal
- Joined
- Jun 23, 2002
- Messages
- 1,841
"Probability distributions that are estimated largely, or exclusively, over cycles excluding periods of panic will underestimate the probability of extreme price movements because they fail to capture a secondary peak at the extreme negative tail that reflects the probability of occurrence of a panic."
-- Alan Greenspan
I thought this information would help in rebalancing your portfolio.
Dory36
-- Alan Greenspan
I thought this information would help in rebalancing your portfolio.
Dory36