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Epsilon Theory on Tape: Notes From the Field

Epsilon Theory Podcast

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ETFs Aren't a Benefit, It's a Bug

An exchange-traded fund is an allocation to a basket of securities with some sort of common attribute or factor that you want represented in your overall portfolio. Unlike a mutual fund, you can buy and sell an ETF just like a single-name stock but that doesn't mean you should. We demand the ability to actively manage our portfolio on a minute by minute, second by second basis.

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