3 ms·
It's not that contradictory. As long as the market for stock pickers overcharges, people can be good at it and a bad deal at the same time.
by cheriot 10y ago
It's not that contradictory. As long as the market for stock pickers overcharges, people can be good at it and a bad deal at the same time.
- xyzzy123 10y agoRight but if you follow the theory if you had alpha greater than fees then you could essentially control all funds available for management (up to the scale where your atrategies stop working). Which is sort of its own reductio ab absurdum.