Comment on The economics of writing technical booksparentComments−e63f67dd-065b2ySharpe ratios are not equal across different opportunities for the simple reason that actors are irrational. Many people write books even when the expected return is negative, which drives down returns for everyone.
Comments
Sharpe ratios are not equal across different opportunities for the simple reason that actors are irrational. Many people write books even when the expected return is negative, which drives down returns for everyone.