Investment Edge Insights
The discussion highlights the importance of understanding who is on the other side of an investment trade and the challenges that arise as less skilled investors exit the market. Despite active managers generating excess returns, these gains often fail to offset the fees they charge, resulting in a modest net positive gross profit over time. The conversation underscores the evolving landscape of institutional investing and the implications for maintaining a competitive edge.In this clip
From this podcast
Capital Allocators – Inside the Institutional Investment Industry
[REPLAY] Michael Mauboussin – Active Challenges, Rational Decisions and Team Dynamics (Capital Allocators, EP.36)
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