Illiquidity Insights
Serious investors can benefit from avoiding overpriced liquid securities and exploring less liquid alternatives, as opportunities abound in underappreciated markets. While asset allocation is often viewed as the primary driver of returns, it actually reflects past performance rather than guaranteeing future success. Active management poses significant challenges, and despite the allure of private markets, high fees can lead to disappointing outcomes.In this clip
From this podcast
Capital Allocators – Inside the Institutional Investment Industry
WTT: The Real Yale Model
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