HOUSE_OVERSIGHT_025681.jpg

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Extraction Summary

3
People
5
Organizations
0
Locations
0
Events
2
Relationships
2
Quotes

Document Information

Type: Presentation slide / financial analysis
File Size: 1.08 MB
Summary

A Goldman Sachs Investment Management Division presentation slide (page 18) analyzing Bitcoin's risk premium compared to Tactical Hedge Funds. The document argues that Bitcoin's massive historical risk premium is idiosyncratic and unexplainable by standard models, unlike hedge funds where half the risk is explainable. The document bears a House Oversight Bates stamp, indicating it was produced during a congressional investigation, likely regarding financial practices or specific bank scrutiny.

People (3)

Name Role Context
Peter C.B. Phillips Author
Cited in footnote regarding 'Testing for Multiple Bubbles'
Shu-Ping Shi Author
Cited in footnote regarding 'Testing for Multiple Bubbles'
Jun Yu Author
Cited in footnote regarding 'Testing for Multiple Bubbles'

Organizations (5)

Name Type Context
Goldman Sachs
Investment Management Division header
Investment Strategy Group (ISG)
Source of the multi-factor model mentioned in text
Bloomberg
Data source listed in footer
International Economic Review
Publisher of the cited paper
House Oversight Committee
Implied by Bates stamp 'HOUSE_OVERSIGHT'

Relationships (2)

Peter C.B. Phillips Co-authors Shu-Ping Shi
Listed together in citation (1)
Shu-Ping Shi Co-authors Jun Yu
Listed together in citation (1)

Key Quotes (2)

"Bitcoin's 300%+ historical annual risk premium is idiosyncratic and cannot be explained by ISG's multi-factor model."
Source
HOUSE_OVERSIGHT_025681.jpg
Quote #1
"An inability to understand sources of risk and return makes one incapable of predicting when performance will reverse."
Source
HOUSE_OVERSIGHT_025681.jpg
Quote #2

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