
Top 5 of 2024: #3: Cliff Asness - EP.385
Capital Allocators – Inside the Institutional Investment Industry
Navigating Investment Dissonance
This chapter explores the complexities of transitioning between asset classes, with a focus on the behavioral aspects of investing that remain constant over time. It highlights the discrepancies in investor beliefs regarding risk, particularly in private equity and international diversification, while emphasizing the paradox of performance chasing. The discussion culminates in a reflection on the dynamic nature of investment strategies and the promising advancements in research and technology that could reshape future investment practices.
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