The message I take away is that most “normal” people, that is, financial non-experts with an average risk aversion, would probably benefit from investing in index funds. Unusual people outside this demographic may benefit from knowing that there are some investment strategies which are claimed to yield higher risk-neutral expected returns.
Thanks for your extensive reply.
The message I take away is that most “normal” people, that is, financial non-experts with an average risk aversion, would probably benefit from investing in index funds.
Unusual people outside this demographic may benefit from knowing that there are some investment strategies which are claimed to yield higher risk-neutral expected returns.