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3min chapter
100 - Return Stacking & Portable Alpha w/ Corey Hoffstein
The Trade Busters
The Importance of Manager Alpha in Portfolio Management
Retail investors need to diversify across multiple managers, he says. This reduces dispersion and that kind of that path dependency of the terminal of terminal wealth. If you can't control the investments yourself, is a way to try to control this? He suggests rebalancing at slightly different times or using an exchange-traded fund (ETF).
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