Journal to portfolio afterlife

Ormai questo argomento mi sta dando la nausea, ma il taffazzismo ancora impera sovrano sui media mainstream.

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An important implication of these transfers is that a stock’s dollar-weighted average return can be less than its
time-weighted return. Total shareholder returns are generally reported using time-weighted returns. This concept
is related to the observation that mutual fund investors generally earn lower returns than the funds in which they
invest because of poor timing. For example, the dollar-weighted returns were 117 basis points lower than time-
weighted returns for U.S. equity mutual funds for the 10 years ended December 31, 2020.
 

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