• Well, there's another way to look at returns -those are the dollar-weighted returns -and the dollar-weighted returns actually do a better job of describing the experience of the group of investors that participated in these funds.

    还有另一种考察回报率的参数,货币加权回报,货币加权回报实际上,是描述基金参与者收益的,一个更好的指标

    耶鲁公开课 - 金融市场课程节选

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