Cliff Asness on Quant Value Investing
Masters in Business
00:00
Assume Intelligence and Hold Conviction in Trading
In trading, it is crucial to assume that everyone in the market is intelligent, even if it may not be true. This mindset helps in making strategic decisions. Additionally, traders need to differentiate between high conviction trades that require sticking to the plan despite short-term setbacks, believing that the trade will eventually be successful.
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