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   Investment Thoughts - Quotes on the Fly

Hedge Funds, Talent and Luck
Excerpt

 

Although some hedge funds managers have talent, most do not; quantitative analysis combined with qualitative analysis shows that most superficially spectacular track records can be explained by a combination of risk exposures and luck.

How I Became a Quant: Insights from 25 of Wall Street's Elite , Wiley, John & Sons, July 2007-Richard Lindsey, Barry Schachter

17.04.2011