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Sam is computer system troubleshooter.His company requires him to wear a beeper when he is not at the office during weekends,but not evenings.Sam is eligible to receive pay for his "on-call" time.
Well-diversified Portfolio
A portfolio that includes a wide variety of investments across different asset classes in order to reduce risk.
Variance
A statistical measure of the dispersion of returns for a given security or market index, often used to gauge volatility.
Fairly Priced Securities
Securities that are priced accurately based on their inherent risk and expected return.
Alphas
The excess returns of an investment relative to the return of a benchmark index, indicating the added value by the portfolio manager.
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