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Richard Thaler & Cade Massey on the NFL Draft, Misbehaving GM's, & Exploiting Inefficiencies | #477

The Meb Faber Show - Better Investing

CHAPTER

The Discount Rate for Future Picks

The one position that was negative anywhere in expectation was early first round running backs. There's some wisdom growing on running backs, but it needs to expand inside linebackers, interior offensive lineman, even into safeties. The most surprising anomaly we found was the discount rate for future picks. So you know, there's no better guaranteed value than allocating it to the right position.

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