A number of portfolio performance metrics were developed by Harry Markowitz. His Capital Asset Pricing Model (CAPM) is directly applicable to DN portfolios as an investment class.
Several of the large DN portfoilios that traded for hundreds of millions of dollars were dynamically tested & priced using the widely accepted methods.
Those approaches are here to stay. And the screamers who use mommie's allowance to invest will go the way of Dodo.
