Adverse Timing Kills Returns
January 26, 2011 at 00:50 AM EST
The average return of an asset is merely looks at the price. one can argue whether geometric or arithmetic averages, but let’s ignore that here. Look at the firm ESLRD, Evergreen Solar. They make solar power cells, so it’s a sexy product, one very amenable to sales pitches of the next black swan that rubes [...]
