The Money Paradox: Why More Wealth Doesn't Always Equal More Happiness
Pirates of Finance
00:00
The Negative Loading on Value
"I can see how you could stretch and say potentially that avoids that risk, but at 20 bips a year, who really cares?" "Here's here's where my quant spidey sense has got tingling. They did a plot of the alpha," he says. "The first half looks identical to value and the second half Looks identical to growth." 'If they managed to have that style drift, the alpha would emerge and be unexplained'
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