Replying to Avatar Toxic Bitcoiner

Met an equities broker dealer who didn’t know what the Sharpe ratio is. Told them S&P has never beat its 1929 high adjusted for money supply, was met with confused muttering, NPC.exe has stopped responding.

You’re crushing it, anon.

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𝕞ptf 1y ago

Isn't the Sharpe rstio anyhow useless. The risk free rate of return is defined as T Bills. Like most financial models, they are abstract mathematical garbage.

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Toxic Bitcoiner 1y ago

They brought up “too volatile”

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Toxic Bitcoiner 1y ago

I agree though, volatility=risk is moronic framing. But given their job, it’s a concept they *should absolutely know* and I thought they would. Was trying to be accommodating to their fiat finance perspective.