MI241: The Acquirer’s Multiple Strategy w/ Tobias Carlisle
The Intrinsic Value Podcast - The Investor’s Podcast Network
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What Is Mean Reversion?
I want to dive into this, the reasons behind this outperformance because one thing that you outline in the book is mean reversion. That's a big topic and theme throughout your book. And I think it's kind of under appreciated in investing sometimes and it ties into the reasons behind your performance. Mean reversion is a funny beast and it manifests in lots of different ways. But there's a mean reversion where with parents that have some unusual features, I see two tall parents. It's not the case that their child tends to be taller than them. What happens instead is that people who are very tall may have just had an accident of getting several very tall genes all together or they
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