That's got the lowest possible standard deviation of expected return and that's 25% stocks and 75% bonds with this sample period.
这个组合预期回报的标准差最小,在这一点上,投资组合,由25%的股票和75%的债券构成。
So clearly, that's not, thank you, that's not a profitable deviation and it's also not a profitable deviation for people on the left.
所以很明显,那不是,谢谢,那不是个有利的偏离并且,对左边的人来说也不是个有利的偏离
Let's suppose that all of them are the same-- they all have the same standard deviation.
我们假设这些资产的收益率标准差-,均相等。
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