excess returns
5 statements across 4 episodes · 0 bullish · 4 bearish · 3 people on the record · first statement Jan 8, 2018 by Michael Mauboussin · across every show →
Everything said about excess returns, oldest first
Jan 8, 2018 bearish
Mauboussin: Standard Deviation Of Active Manager Alpha Has Narrowed Over Time
“So one of the ways to quantify that as we measure the standard deviation of excess returns, the standard deviation of alpha, right? So you imagine alpha plotted as a bell shaped distribution, which is roughly not a horrible way to look at it. And that bell has…”
May 13, 2019 neutral
Mauboussin: Non-fundamental demand shocks create excess returns in asset markets
“So there have been some really interesting papers about, like, who has the money, what do they want to buy, and what does that mean for these downward sloping demand curves, and there's good evidence that you create these sort of excess returns as a consequenc…”
Sep 9, 2019 bearish
Whineray: Excess returns in mid-market private equity have compressed
“When you think about others like private equity, it just feels like there's just more and more allocation to that, and that market which might have been much more inefficient for unlisted companies, you know, in the two to three to 400 Million dollar range a f…”
Sep 9, 2019 bearish