Joaquim recently learned about a fund that boasted a 25 return in its marketing materials Eagerly, he invested $100,000 without doing any research into the fund A year later, he had $125,000 in the bank However, he was not pleased with the high return once he learned about the Sharpe Ratio What is ...

The most likely reason why Joaquim was not pleased with the high return once he learned about the Sh ...

Joaquim recently learned about a fund that boasted a 25% return in its marketing materials. Eagerly, he

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1. Joaquim recently learned about a fund that boasted a 25% return in its marketing materials. Eagerly, he invested $100,000 without doing any research into the fund. A year later, he had $125,000 in the bank. However, he was not pleased with the high return once he learned about the Sharpe Ratio.
3. What is the most likely reason, why?