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15 Ideas, Frameworks, and Lessons from 15 Years

Flirting with Models

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The Importance of Diversification in Investment Portfolios

This chapter discusses the concept of diversification and its three dimensions: what, how, and when. It explores the significance of introducing different asset classes and investment styles in a portfolio. The chapter also emphasizes the frustration of active management and the value of long-short portfolios in evaluating investment strategies.

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