Skill and Reversion
Michael discusses the intriguing concept of skill reversion, particularly in the context of investing and sports. He highlights how the introduction of less skilled players can lead to wider standard deviations, creating opportunities for top performers. The conversation also touches on the convergence of performance in physical endeavors, suggesting that as competition intensifies, the margins between success become slimmer.In this clip
From this podcast
Capital Allocators – Inside the Institutional Investment Industry
Michael Mauboussin – Active Challenges, Rational Decisions and Team Dynamics (Capital Allocators, EP.36)
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