Two investment advisers are comparing performance. One averaged a 19% rate of return and the other a 16% rate of return. However, the beta of the first investor was 1.5 whereas that of the second was 1. Which investor was the better selector of stocks?

How can we tell which investor is the superior stock selector

We're comparing two portfolios with the same beta. However, the specific risk for each individual security in each is higher for one portfolio than another. From which portfolio should investors expect a higher return from?

Identify and briefly discuss three criticisms of beta

What are the likely effects of an incorrectly specified market proxy on both beta and the slop of the SML