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Performance Evaluation
The process of examining how well investments or portfolios have done over a period, comparing their returns against benchmarks or objectives.
Survivorship Bias
The analytical error of focusing only on entities that have "survived" a selection process, ignoring those that have failed.
Infrequently-Traded Assets
Assets that do not trade on a regular basis on the secondary market, making their valuation and liquidity different from frequently traded assets.
Liquidity Premiums
Additional returns investors demand for holding securities that are not easily convertible to cash without a loss in value.
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