HELPING THE OTHERS REALIZE THE ADVANTAGES OF PNL

You can also analyse the skewness and kurtosis of the period of time PnL by having 3rd and 4th moments of $Y_t$ respectively. Presumably you may conclude that for 2 collection with identical expectation and variance, you might favor the a single with beneficial skew or lower kurtosis, but perhaps not based on the assurance of the market view, and m