\documentclass[12pt]{article} \usepackage{amssymb,amsmath,amscd,concmath} \pagestyle{empty} \begin{document} \begin{equation*} \sum_{t} -\ln \left[\left\right] = \text{const.} + \sum_{t,i} \frac{|r_{i,t}-r_{i,t+\tau}|^2}{4\lambda\tau} \end{equation*} \end{document}