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>> No.20811244 [View]
File: 510 KB, 1559x760, 1572431607970.png [View same] [iqdb] [saucenao] [google]
20811244

>>20811150
That paper compares a buy and hold unleveraged, buy and hold leveraged, and buy and hold in low volatility/sell during high volatility. The upshot is the latter vastly outperforms the other two. The nice thing about the paper is not only does it detail the numbers but it mentions the exact methodology for when to buy and sell to get the same results.
Pic related is the comparison chart.

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