Alpha and Inefficiencies
The conversation highlights the diminishing opportunities for alpha generation in the market, as the number of active managers chasing it continues to grow while the available stocks shrink. With a significant decline in the number of stocks trading on U.S. exchanges, more hedge funds are competing for fewer opportunities, leading to a scenario where inefficiencies are nearly exhausted. This trend raises questions about the future viability of active management in an increasingly crowded field.In this clip
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Masters in Business
Founder and CIO Rick Ferri: Masters in Business (Audio)
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