Do you have a source for long-run stock market returns being normally distributed? At least in the short term, they have positive excess kurtosis and negative skew.
I believe it’s an assumption of a lot of models. I’ll ask.
Do you have a source for long-run stock market returns being normally distributed? At least in the short term, they have positive excess kurtosis and negative skew.
I believe it’s an assumption of a lot of models. I’ll ask.