Deep Risk: How History Informs Portfolio Design is the third installment in the investing for adults series.
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Most importantly, the short-term volatility of financial assets, commonly measured as standard deviation, is a highly imperfect measure of the actual long-horizon perils faced by real-world investors subject to the vagaries of financial and military history.
This booklet takes Portfolio Design beyond the familiar "black box" mean-variance framework. this series is not for novices.
Deep Risk: How History Informs Portfolio Design is the third installment in the investing for adults series