Zorub: Identifying why securities misprice beats screening for cheapness or quality
David Zorub · David Zorub - Navigating Hedge Fund Headwinds at Parsifal (EP.434) · Mar 3, 2025 · at 17:52
David Zorub, founder and CIO of Parsifal Capital Management, discusses Parsifal's core investment philosophy and how the firm filters potential investments.
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“When you tilt your lens away from asking, hey, is this business cheap or expensive? Is it good or bad? And instead ask, is it mispriced? If it is mispriced, why? And to what degree can I exploit it through my process? It becomes a very powerful algorithm for then filtering a global opportunity set. Because as it turns out, these inefficiencies do exist. They do recur. And they recur across market cap, liquidity, geography, business model sector and subsector, and you can very effectively identify them and begin to then triage them for suitability to your process.”
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