
Michele Aghassi - Unintended Bets Everywhere (S6E7)
Flirting with Models
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The Importance of Proxies in Value Investing
The world is always changing and in that sense, this time is always different. The question becomes whether your proxies for fair value have somehow become obsolete. What we observed with value struggles in the years leading up to and including 2020 doesn't seem to have anything to do with imperfection based on what the empirics tell us.
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