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Life at Dimensional: The Constant Pursuit with Dave Butler (EP.43)
The Rational Reminder Podcast
The Pursuit of Truth in the Capital Markets
The idea that prices reflect information says that, you know, there's this thing called the market. David Booth and Rex Seinfeld used to call it the great information processing machine. And so one thing we used to always say is that active managers aren't stupid. They're not, they're very smart. They're very educated. They work hard. The problem is, is their competition is the same called the markets. So if you were able to deploy your capital in an efficient way, a diversified way, a low-cost way, a tax efficient way,. You would be able to then stay in the market through markets and down markets.
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