Ep3 “Why Good Stocks Are Not Good Buys” with Cliff Asness
All Else Equal: Making Better Decisions
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Is There a Competitive Advantage Point in Investing?
The average investor doesn't have a competitive advantage compared to everybody else. It's like a sportsman stepping onto a football field and thinking they can out play tom brady. The fact that nobody else is taking advantage of the deal tells me that there must be something else going on. So, jonathan, how does information get into prices? Right? so suppose that the price of a stock is lower than it should be, and therefore it is a good buying opportunity. Let’s say there is a given quality for the firm, but the price is not reflecting that; then we are looking at two different situations: one in which you don’t know what your competitors
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