Cliff Asness on Comics and Why Never to Share a Gym with Cirque du Soleil (Live at Mason)
Conversations with Tyler
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Who's on the Other Side?
I think there are risk premiums and there are behavioral biases that lead some to willingly or accidentally underperform. Value, even if it's systematic, simple to explain, works on average, still requires exactly what this manager said. Do I think these things can be used for everyone to outperform? This is not Lake Wobegon. We can't all beat the index. It's a precise mathematical identity.
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