054: Rishi Narang – Components of a Black Box, Humans Versus Computers, and High Frequency Trading
Chat With Traders
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The Importance of Timing in Trading
The real definition of alpha is returns generated by skill at timing the selection and or sizing of your holdings. Warren Buffett would not be said to have alpha if he picked a stock that was cheap because it deserved to be even cheaper, says David Einhorn. "What we were after was much more as we say skill-based returns uh we want our returns to be generated byskill at timing yeah"
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