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Cliff Asness - Simple Investing is Hard (EP.385)
Capital Allocators – Inside the Institutional Investment Industry
Market Irrationality and Investment Strategy
Market irrationality can lead to overpriced stocks when there is an irrational love for them without a counterbalancing hate. Even if someone deems a set of stocks overvalued, it presents a good betting opportunity, not arbitrage, as the investor could be mistaken.
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