Episode 42: Trauma And Investing
CFA UK
00:00
Are These Managers Worse Than Them?
These managers who have had this trauma have avoided the downside, but they've also avoided the upside risks. So there's no difference in performance. It's just that these guys don't take much that much risk. In a way, you can't say that these are worse managers,. These are just more risk-averse managers.
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