Jay Parkhill

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Alea | Fake Alpha (Picture)
Best quote (paraphrased) from this speech by the Bank of England’s Executive Director of Financial Stability:
The classic formul that Return on Equity =Return on Assets * Leverage essentially means that ROE is skill multiplied by luck.

Alea | Fake Alpha (Picture)

Best quote (paraphrased) from this speech by the Bank of England’s Executive Director of Financial Stability:

The classic formul that Return on Equity =Return on Assets * Leverage essentially means that ROE is skill multiplied by luck.

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