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Ep4 "Making Bad Investments Profitable" with Pete Briger

All Else Equal: Making Better Decisions

00:00

The Flow Performance Relationship Is an Example of an All Else Mistake

The best managers in the past, based on a past record, do no better than average managers. On the other hand, they attract flows. The competitive response of your environment is what makes to all else equal thinking fail. And th again, in expectation. We don't know what their returns will be, but we expect their returns to be about the same as the van o index pant.

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