The Morningstar Curse, Right?

The biggest return to come on dislocations, right? And a drawdown is sort of the quantitative metric for a dislocation. People just look at the bottom left and the upper right, and they say, okay, well, that's the return I made. It's great. But they don't, it's one thing to look at that equity curve. And there's the next thing to go through and say, oh, here's a four-month period of time with negative or stagnant returns.

Play episode from 46:13

Transcript

Episode notes

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app