Take a position on the following statement: Conventional wisdom says one should measure a manager’s investment performance over an entire market cycle

Take a position on the following statement: Conventional wisdom says one should measure a manager’s investment performance over an entire market cycle

  • Take a position on the following statement: Conventional wisdom says one should measure a manager’s investment performance over an entire market cycle. Support your response with arguments from the text.
  • Determine whether or not the universe of similar investment managers overcomes the statistical problems associated with instability of beta or total variability. Support your position.