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Morgan Housel — The Best Story Wins (EP.100)
Infinite Loops
How Do You Measure Your Returns Quarterly?
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Tike: There's always going to be a big disconnect between the ideal and what actually works in practice. I would also say, too, it's easy to poke fun at that story, but i understand why returns are measured quarterly. It's hard to hire an asset manager and just say, go ever you want,. You want to lose money for the next ten years, go have that a i don't care. That's not a practical way to do things.
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