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2 changes: 1 addition & 1 deletion docs/GeneralEfficientFrontier.rst
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Expand Up @@ -103,7 +103,7 @@ thought of as the average of losses that occur on "very bad days", where "very b
:math:`\beta`.

For example, if we calculate the CVaR to be 10% for :math:`\beta = 0.95`, we can be 95% confident that the worst-case
average daily loss will be 3%. Put differently, the CVaR is the average of all losses so severe that they only occur
average daily loss will be 10%. Put differently, the CVaR is the average of all losses so severe that they only occur
:math:`(1-\beta)\%` of the time.

While CVaR is quite an intuitive concept, a lot of new notation is required to formulate it mathematically (see
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