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When Fortune Doesn’t Favor the Bold: Perils of Volatility for Wealth Growth and Preservation

Nathan Sosner
The Journal of Wealth Management Winter 2022, 25 (3) 10-36; DOI: https://doi.org/10.3905/jwm.2022.1.189
Nathan Sosner
is a principal at AQR Capital Management in Greenwich, CT
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The Journal of Wealth Management: 25 (3)
The Journal of Wealth Management
Vol. 25, Issue 3
Winter 2022
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When Fortune Doesn’t Favor the Bold: Perils of Volatility for Wealth Growth and Preservation
Nathan Sosner
The Journal of Wealth Management Oct 2022, 25 (3) 10-36; DOI: 10.3905/jwm.2022.1.189

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When Fortune Doesn’t Favor the Bold: Perils of Volatility for Wealth Growth and Preservation
Nathan Sosner
The Journal of Wealth Management Oct 2022, 25 (3) 10-36; DOI: 10.3905/jwm.2022.1.189
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  • Article
    • Abstract
    • A TWO-PERIOD ILLUSTRATION OF THE POTENTIAL PERILS OF VOLATILITY
    • DISTRIBUTION-FREE RESULTS FOR COMPOUNDED WEALTH
    • LOGNORMAL COMPOUNDED WEALTH
    • THE IMPACT OF TAXES AND INVESTOR OPTIMISM ABOUT THE CONCENTRATED STOCK
    • EFFECTS OF INVESTMENT HORIZON AND VOLATILITY
    • THE COST OF PROCRASTINATION
    • A THEORETICAL TAX-FREE LIQUIDATION
    • CONCLUSION
    • ACKNOWLEDGMENTS
    • APPENDIX
    • ENDNOTES
    • REFERENCES
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  • PDF (Subscribers Only)
  • PDF (Subscribers Only)

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