3 ms·

I can't vouch for this source, but here's a claim that alpha is real: https://blogs.cfainstitute.org/investor/2016/07/26/is-active-management-dead-not-even-clos

I can't vouch for this source, but here's a claim that alpha is real: https://blogs.cfainstitute.org/investor/2016/07/26/is-active-management-dead-not-even-close/ https://blogs.cfainstitute.org/investor/2016/07/26/is-active....

valuearb 9y ago
Buffett alone is proof enough that Alpha is real. The real problem is, how can you or I pick the next Buffett instead of the next Ted Seides? The answer, we can't.
- dsacco 9y ago
  And even if you luckily (or maybe skillfully) could, you'd most likely have a relatively small window of access before they no longer needed your capital unless you were a very large investor (on the order of a few years).
  - deleted 9y ago
    [deleted]
- mcguire 9y ago
  The Superinvestors of Graham-and-Doddsville https://www8.gsb.columbia.edu/articles/columbia-business/superinvestors https://www8.gsb.columbia.edu/articles/columbia-business/sup...