Portfolio churn
Risk & psychologyThe rate at which holdings are replaced over a period.
In plain terms
High churn is the visible symptom of boredom. Across every market studied, the most active accounts underperform the least active.
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Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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