Not exact matches
Assessing our portfolios» performance is a necessary activity, but by being aware that measurement
over shorter time horizons is dominated by noise, we can better resist the natural human instinct to «
do something»
And like Model 1, the dividend growth model is all but useless
over a
short time horizon, as is painfully obvious in Figure 2, but it
does have merit at longer
horizons.
Mean - reversion exists in the markets, and
over long
time periods it is strong on average, but in specific
over short horizons it
does not work.