Don’t forget, Investors DO NOT LIKE, volatility. At the CAPM model,

Question

Don’t forget, Investors DO NOT LIKE, volatility. At the CAPM model,

there is a coefficient that counts the risk. This is β (beta). β has inside another coefficient. the correlation of the asset to the market multiplied by the standard deviation of the project devided by the standard deviation of the market.
β greater than 1 is a risky asset compared to the total market.
β between 0 to 1! is less volatile and less risky
And β lower than zero is negative correlated to the market. Like GOLD or treasury bonds.

Of course all these do not count the unexpected error. Black swan phenomenon for example.

My opinion is that we will see the last bull run as we used to see all these years.

And do not forget serious investors do not like unregulated markets. The more regulated is a market the more adoption we have. This what the economic history form the 17th century tells us.

More regulations. Less anarchy and More adoption. Why?? Because serious investors don’t like risk!!! The β!!

On the other hand, high risk, high return. 🩷