Are the Economy and Financial Markets Zero-Sum Games?
Money For the Rest of Us
Zero-Sum Games in the Stock Market
Nobel laureate William Sharpe in a piece from 1991 titled the arithmetic of active management described why mathematically active managers under performed the market. Another example of zero-sum games is trying to generate excess returns or alpha through security selection in the stock market. The average manager by definition is going to kind of underperform net of fees versus low cost index funds.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
