Can someone give an explanation of the M squared (Modigliani squared) calculation in the Treynor Black material, CFAI V6 bottom of pg 537. Also it seems that Schweser does not give half of the detail CFAI does on this chapter
Can someone give an explanation of the M squared (Modigliani squared) calculation in the Treynor Black material, CFAI V6 bottom of pg 537. Also it seems that Schweser does not give half of the detail CFAI does on this chapter