Evaluating Fund Performance
Michael discusses a model for evaluating fund performance based on economic profit calculation. By looking at gross returns and benchmark return, investors can determine the amount of value that can be extracted from the market. This approach provides a new perspective on assessing fund performance and understanding the available alpha.In this clip
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Invest Like the Best
Michael Mauboussin - Man + Machine, Moats, and Power of the Outside View - [Invest Like the Best, EP.37]
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