lower credit quality and a higher concentration in commodities. 怎么可能债的portfolio 买大宗商品啊

第5问，这里回答overconfidence的illusion of knowledge是否更合适？case中并没有提及先前的52-week high或者最近的高点，没有anchor对应的锚定数值，只有这一句话提到了80这个数字

1. 第2问，答案并没有列举具体的example，是否可以将G同学认为股价会反弹至新的52周高点作为example写在答案中证明overconfidence？2. 考试时会像经典题一样一道题给一部分case内容，还是跟选择题一样，case在一侧，题干在另一侧？

第一问，股价下跌超过20%，article上的statement让G同学坚定了股价会反弹的预期，这个是否算availability bias

老师，您好，这个题怎么思考呀，问题如下，谢谢啦，The fund in Exhibit 3 that is most consistent with Quint’s requirements is: Ash. Blue. March.

老师，您好，high incentive fee可以导致收益波动增大，为啥，comments的higher fees为啥不对呢，谢谢啦/题目如下：Noting that MFC has two managers who use the same index as their benchmark, Shaw observes that Fund A and Fund B have similar Active Share and a similar number of positions, but Fund A’s realized active risk of 7% is almost three times greater than that of Fund B. Shaw makes the following comments:/ I think Fund B makes a lot of sector bets./ Fund A likely has higher fees than Fund B / Fund A should have a greater dispersion of returns about the benchmark.

啥意思，经济不达预期反而要加息降温，什么东西啊

加息的话债券下跌收益率上升，是提供了更高的return啊，只是equity不对吧？

2022年mock2 PM 第3题，C项long put optionon futures是short volatility吗，题目预期波动率上升，应该long call option呀？

这类题一直错。请老师再详细讲一下。 另factor neutral是哪种情况？