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Hi Todd, thanks for the comment. It all depends on how one defines risk. In my article, I’m using the traditional statistical measure, the volatilty of price changes. In terms of “reward” or return, there’s no question that comparing the price in 2021 with that of 2014, the past return has been amazing. And certainly over that period the return has been far greater than traditional asset returns.

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Stephen Foerster
Stephen Foerster

Written by Stephen Foerster

I’m an award-winning author and Finance prof, CFA. I write stories about investing and investment history. (I don’t give financial advice.)

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