Michael Mauboussin – Who’s on the Other Side (Capital Allocators, EP.99)
Capital Allocators – Inside the Institutional Investment Industry
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Navigating Investment Inefficiencies
This chapter explores the concept of inefficiencies in investing, highlighting the importance of an investor's edge through the BAIT framework. It examines the psychological biases and collective behaviors that influence market dynamics, emphasizing the need for analytical thinking and a contrarian approach. Additionally, it discusses the role of cognitive diversity in investment teams and the critical factors in analyzing fund managers and decision-making processes.
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