Ritholtz: Romancing Alpha, Forsaking Beta
You don’t have to follow this blog very closely to know I’m a big fan of Barry Ritholtz and his blog The Big Picture. Over the weekend he gave the following presentation, Romancing Alpha, Forsaking Beta at the Trustee Leadership Forum for Retirement Security.
It’s a great presentation that shows how our wetware (to borrow a term from Barry) leads to poor investment decisions – particularly when it comes to the mythical creatures of Wall Street: alpha generating hedge funds. Check it out: