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Danny Moses - The Big Short and Beyond - [Invest Like the Best, EP.34]
Invest Like the Best with Patrick O'Shaughnessy
How to Find Alpha and Gain an Edge in the Market
The big banks for the most part, it's a rate trade. They're all kind of grouped together. There's nothing unique per se. You can be the best at what you do, but your alpha maybe is, in our opinion. The hedge funds that are staying around are going to survive have to accept lower fees. But what they should do is get longer duration capital.
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