Replicating Hedge Funds, Lessons from Bridgewater and the Outlook for Inflation with Bob Elliott
Excess Returns
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The Benefits of Diversification
The idea that you're going to be able to pick on a forward looking basis is is it's highly uncertain. So what I'd say is have the humility to recognize that the benefits of diversification are relatively well known and your ability to pick is extremely uncertain. And given that trade off pick diversification, right? That's what we're doing. Had the humility to pick diversity.
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