Performance Chasing Paradox
Performance chasing is identified as the "original sin" of investing, where allocators often contradict their own beliefs by buying what's recently performed well. The conversation highlights the cognitive dissonance that arises when investors acknowledge the flaws in this behavior yet continue to engage in it. Additionally, the discussion challenges the notion that technological advancements have led to more efficient markets, suggesting instead that they may have amplified inefficiencies.In this clip
From this podcast
Capital Allocators – Inside the Institutional Investment Industry
Top 5 of 2024: #3: Cliff Asness - EP.385
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