Stocks offer an expected return of 18% with a standard deviation of 22%, and gold offers an expected return of 10% with a standard deviation of 30%. In light of the apparent inferiority of gold, why would anyone hold gold? Because gold prices tend to move against the market. Because of gold's historically low correlation with other assets. all of the answers are correct Because gold is a hedge against Inflation. Portfolio risk is reduced by combining securities with: O high standard deviations. O perfect correlation. O low standard deviations. o less than perfect correlation. Buy Low, Sell High is a bit of age-old advice that encourages investors to be disciplined, and though it seems too obvious to be useful, on the surface. It is actually is helpful in encouraging investors to avoid: mental accounting, O representativeness bias. C. framing. the disposition effect