People don't invest for an infinite term. In the long run, we're all dead.
Anyway models of low risk investments will underestimate long term crashes /Black swan.
Also, are you comparing other assets directly or somehow including combinations of them? Can you point me to a specific theorem you seem to be referring to?
Anyway models of low risk investments will underestimate long term crashes /Black swan.
Also, are you comparing other assets directly or somehow including combinations of them? Can you point me to a specific theorem you seem to be referring to?