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Re:The Bitcoin Apocalypse Is Coming in Mid-November by natalyarostova on Saturday October 07, 2017 @12:20AM (#15422266)
No, you're right. For portfolios It's all about the covariance matrix. Having said that, there is probably still the more banal reality of pensions or institutional funds actually needing a portfolio manager to go out and buy bitcoin, which probably would be a publicitly/legal nightmare if done poorly, or if the first person to do it gets burned.
Re:The Bitcoin Apocalypse Is Coming in Mid-November by xbzbanna on Saturday October 07, 2017 @02:28AM (#15422545)
On the other hand, if one pension starts a trend, there might be big benefits to being first in. How do does one fit such outcomes into the volatility calculation...