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Invest Like the Best, I'll Date Myself
i was brought up under the p p model, which his parents pay, so it can't be done in my kids. Back then, nobody knew what a quant was. They didn't know what factors were. So i started life as a consultant to pension plans. And that was fun, because we would build these factor base portfolios that mimicked the underlying manager. One way is to freeze their portfolio on january first. Another way is to have an independent, normal portfolio to rank them against. But that's why i thought that this was such a cool idea.