Dear investors,
I am currently studying for the CFA lvl1 and just learned about Kurtosis, which seems REALLY REALLY rather important for measuring risk. My question to you is why have I literally never heard of this? Is it not that important and Schweser is overselling it? Am I not getting it right? Do you use it in your work? How specifically have you used it?
I am not an expert and expect someone will make a better explanation, but for the uninitated like myself, Kurtosis is useful because it tells you how much fatter tail risks are than normal (eg a normal distribution has tail risk at std=3 of <1%, if it has high kurtosis you may have 5% of tail risk beyond std=3)
PS-Mods, if this is inappropriate, please let me know where there is a better way to ask /r/investing of their professional experiences
Submitted March 20, 2017 at 06:30PM by YaDunGoofed http://ift.tt/2n1YsXg
