Surveillance: Recession Risk with Dudley (Podcast)
Bloomberg Surveillance
00:00
Is Data Less Important Than Alpha?
We are now, i believe, tom in a situation where data will be less important than alpha. Alpha is security selection. And one of the curious things about the last two to three years in particular is that there' it's been really hard to get alpha. So investors, professionals, who use sophisticated approaches, try to identify what particular securities they wanted to invest in,. often stumbled a because alpha didn't matter very much. With this dramatic reset in the markets, the overall decline, number one, number two, the breakdown of the momentum orientation and number three, the recognition that economic cycle itself is shifting. We see a move now, i believes, toward alpha. Likely to happen in
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