Few people have heard of these tokens, but those who own them tend to be more
sophisticated than your average investor.
Not exact matches
Same thing for hedge funds; they tend to be volatility - averse on
average; and their
investors may be technically more
sophisticated than mutual fund
investors, in practice, they make the same mistake of chasing performance.
A careful active
investor could more safely now contemplate no more
than a small allocation to a mechanical system with a moving
average (e. g., a 150 - day mean would have worked, but with 0 days» margin of error when the price dropped below the MA before the closing bell on Feb 5) or use more
sophisticated volatility signals to be in or out of SVXY (perhaps giving some extra days» warning to get out).
E Warren Buffet recommends indexing for the «
average investor»; people who read this blog are typically
sophisticated enough to do better
than average.
Our research indicates that the more
sophisticated investor groups — for example, value and institutional fund
investors — just display a smaller -
than -
average return gap.