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/Total Return vs Investor Return g Introduce the Investor Return /How much investors lose chasing returns / Investors often suffer from poor timing (buy high, sell low) gKey Take-Away Source: Morningstar
variables are positive and significant in all 9 regressions, although economic impact is minimal. Their inclusion does dispute one counter argument that the poor gambling index performance is only capturing a
., 2009). Their evidence indicates that there are valuation premiums for firms surpassing three benchmarks. Several studies suggest that incremental positive effects on prices or returns, also known as