[yellowstuff]

I’m a quant. If all you care about is the realized return of a equal-weighted portfolio than sure, just look at mean return. If you’re trying to understand a strategy in depth you’ll want to look at the entire distribution of hypothetical returns, precisely because financial returns are fat-tailed and portfolio returns are often driven by outliers. I don’t know about SPACs, but for common stock often the outlier returns are in small illiquid stocks where you couldn’t take a large position.

[quickthrower2]

Sure. What I mean is there is only so much space in a headline. Give one stat to report the success, the weighted mean is best. It represents the laymens idea if what did I get out if I put $1 across all of it. Imagine a headline about the median SPY company growth in 2022. That number isn’t how much the SPY went up.

[affinepplan]

> That number isn’t how much the SPY went up

neither is the return from putting $1 across all of SPY

[quickthrower2]

Unless you mean I omitted the technicalities of re-balancing, it is:

https://www.investopedia.com/ask/answers/05/sp500calculation...