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"A lot of that is not realized return," Formela says.
The investor is expected to maximize her personal utilities and to minimize the difference between the realized return at the stopping point and her potentially maximum return.
This action could have material negative effects on returns making the realized return substantially lower than the projected "return if exercised".
This paper considers an optimal stopping time point for the investor who is expected to maximize her personal utilities and to minimize the difference between the realized return at the stopping point and her potentially maximum return.
In practice, it is extremely hard to find the point at which the realized return is maximized, and therefore the investor tries to sell at a price which is as close to the maximum as possible.
It is reasonable to conclude that a model which treats returns as known constants will produce a portfolio whose realized return is different from the optimal portfolio return given by the objective function value.
Similar(53)
Morris and Bagley, Seahawk's director of public relations, also sold stock and, according to the S.E.C., all three men realized returns of, "in some cases, over 3,000 percent".
"We believe that the stronger the social fabric, the lower the defaults and the higher the alumni realized returns," SoFi explained in a letter to potential Stanford investors.
These high valued patents which account for the vast majority of the realized returns, further can be identified based on past returns, relatively early in the patent term.
LPs will increasingly insist on realized returns (aka exits) to differentiate between the haves and have nots.
Using five samples of US stock returns, we show that the fit to realized returns is essentially driven by the total dispersion of the model's returns.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com