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Explain the reasons for the economic "miracle" of the East Asian countries between 1960 and 1997. Is it only because of the common Asian practice of industrial policy and business-government cooperation?
Beta
A measure of a stock's volatility in relation to the overall market; a beta above 1 indicates greater volatility than the market, while a beta below 1 suggests less.
Average Returns
The arithmetic mean of the historical returns of an investment, often used as a general indication of its past performance.
Hedge Funds
are investment funds that employ a variety of strategies to earn active return, or alpha, for their investors, often involving higher risks and aiming for higher returns than traditional investments.
Survivorship Bias
The logical error of focusing on instances that survived a selection process and overlooking those that did not because of their lack of visibility.
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