Real world returns are ~leptokurtic Show more
I.e. "fat tails", implying many more extreme events happen than a Gaussian distribution predicts.
@tomosaigon indeed, and they also result in considerably more periods of boredom :)
@waxwing The boredom lulls you into a false sense of security until <cue Nassim Taleb>
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Real world returns are ~leptokurtic
@tomosaigon indeed, and they also result in considerably more periods of boredom :)