Authors:
  1. Quotes
  2. Authors
  3. R
  4. Robert Haugen
  5. Less volatile stocks tend to have negative abnormal...

Less volatile stocks tend to have negative abnormal profits; more volatile stocks tend to have positive abnormal profits.

Robert Haugen
Negative, Abnormal, Profit
"The Inefficient Stock Market - What Pays Off And Why". Book by Robert Haugen, ch. 11, The Negative Payoff to Risk, p. 113, 1999.
Less volatile stocks tend to have negative abnormal profits; more volatile stocks tend to have positive abnormal profits.