Active Investing Only Makes Sense If You Understand Competitive Advantage
When I listen to investors and clients talk about investing, I am constantly surprised by the lack of understanding. In fact I do not think I have ever heard any investor really grasp the cause of great returns or poor results. So whether you are a client or an investor, please read on. Once I explain this, things will make a lot more sense. Q1 2021 hedge fund letters, conferences and more Investing is like any other Industry - But Worse!In biology and in business we hear a lot about competition and even hyper-competition. Basically, everyone is looking to get more for themselves; which means ...