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die romantische komödie


ReQuoting pt. 58 (The Fake Alpha Edition)

How, then can untalented investment managers justify their pay? Unfortunately, all too often it is by creating fake alpha: appearing to create excess returns but actually taking on hidden tail risk

Raghuram Rajan via Bubblegen.

(inkl. aufbröselung der verschiedenen mega-risiken, macro risk, political risk, social risk, emotional risk, etc.)

meta 21.11.2010 /via @bubblegeneration #