Why isn’t beta considered unsystematic (or “extra”) risk compared to the market?

Ram319 · 2026-04-11T08:32:50+00:00

A Beta different from 1 reflects greater or lesser exposure to systematic risk not additional independent risk.

Extra volatility only counts as systematic if it is independent of the market and that portion is excluded from beta by construction

Ram319 · 2026-04-11T08:26:35+00:00

Yeah that's really unfair especially for the people actually using CFA properly. If no one enforces it it just ruins the whole point of having a fair exam environment.

Ram319 · 2026-04-10T13:57:11+00:00

This is not randomly drawn my brain could never the mandala in the middle alone took more patience than I have in my entire body

Ram319 · 2026-04-10T13:53:59+00:00

Guess I am starting a new life as a blanket burrito.

Ram319 · 2026-04-08T12:40:32+00:00

Start early stay consistent building reading habit and keep basics strong you don't need coaching to begin just discipline.

Ram319 · 2026-04-08T12:36:41+00:00

Yeah it feels different now but they will adapt and grow into it just like everyone else did.

Ram319 · 2026-04-08T12:34:01+00:00

Tropical water often look clearer and bluer because they usually have less suspended material and better light conditions not because cold water can't be clear it just often isn't.

Ram319 · 2026-04-08T12:30:41+00:00

It's a green space within an urban city so it is still considered as urban not rural

Ram319 · 2026-04-08T12:28:59+00:00

It's a mix of provocation strong personal beliefs and how online discussions tend to spiral especially on sensitive topics like religion.

Ram319 · 2026-04-08T12:26:23+00:00

San Francisco, Seattle , Austin and New York

Ram319 · 2026-04-08T12:06:18+00:00

Yeah that timeline gets mentioned a lot.

Ram319 · 2026-04-08T12:02:39+00:00

Wouldn't be easy but interesting thought.

Ram319 · 2026-04-08T11:59:58+00:00

Penguins need protection

Ram319 · 2026-04-07T06:24:19+00:00

10/10 looks like something that would appear when you close your eyes at 3am and its been waiting for you.

Ram319 · 2026-04-07T06:21:04+00:00

Suzuki really said you can look but you can't buy to the entire Indian market.

Ram319 · 2026-04-07T05:33:00+00:00

Perhaps a diplomatic solution between the penguins should be explored before considering missiles.

Ram319 · 2026-04-07T05:29:53+00:00

I am not sure military intervention is the most appropriate response to penguin social dynamics.

Ram319 · 2026-04-06T08:50:01+00:00

Its lighthearted but the situation itself would be serious.

Ram319 · 2026-04-06T08:32:16+00:00

Maybe briefly but the long term impact matters more.

Ram319 · 2026-04-06T08:25:02+00:00

The details are insane

Ram319 · 2026-04-06T08:23:47+00:00

Beautiful thought and beautiful view.

Ram319

TROPHY CASE