14min chapter

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#54 - Cliff Asness: Quant Investing, Market Inefficiency

Insightful Investor

CHAPTER

Navigating Investment Performance and Emotional Biases

This chapter examines the critical factors influencing investment performance evaluation, including reference points and the duration of underperformance. It emphasizes the emotional biases that can distort investment decisions and the complexities of behavioral finance, particularly during challenging market conditions. Through personal anecdotes and discussions on efficient market theories, the chapter highlights the delicate balance between knowledge and emotion in navigating the investment landscape.

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