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The utility theory says that All investors should maximize their expected utility. No matter the situation, all investors care only about mean and variance. Professional
The utility theory says that
All investors should maximize their expected utility.
No matter the situation, all investors care only about mean and variance.
Professional financial analysts are overpaid and useless.
All of these.
All investors should maximize the risk of their investments, because we all know that more risk means higher expected return.
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