Real world returns are ~leptokurtic 

I.e. "fat tails", implying many more extreme events happen than a Gaussian distribution predicts.


Real world returns are ~leptokurtic 

@tomosaigon indeed, and they also result in considerably more periods of boredom :)

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Real world returns are ~leptokurtic 

@waxwing The boredom lulls you into a false sense of security until <cue Nassim Taleb>

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