@choffstein For explaining volatility drag between geometric and arithmetic returns intuitively with minimal math, wouldn’t the simplest example be something like 0.75 x 1.25 being less than 1? How much of the core message does that capture?
@TerrapinHoops concession line times are 3-4x what you’d expect, but they probably have been able to prevent 5 or 6 underagers in the stadium from getting a beer, so who’s to say what’s best