Question: Which one is not correct? - In equilibrium, all assets and all portfolios of assets should plot on the SML - A superior investor must

Which one is not correct?

- In equilibrium, all assets and all portfolios of assets should plot on the SML

- A superior investor must derive value estimates for assets that are consistently superior to the consensus market evaluation to earn better rates of return than the average investor

- Any security with an estimated return that plots below the SML is overpriced

- Any security with an estimated return that plots above the ML is underpriced

(Portfolio Management Course) - Please answer only if you are 100% sure.

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