Ted Seides on the World’s Elite Money Managers
Masters in Business
Don't Be So Short Term
David Swenson: I've always viewed investing as a probabilistic game. He says investors who express absolutes in a world of probabilities don't get the job done. The best money managers blend conviction with humility, he says. But short-termism is an intractable problem because of incentive systems for asset management firms and their staffs,. said Swenson.
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