What Will Be Obvious 20 Years From Now? (With a Sharpe of 0.76)?
One of the best takeaways from this paper, Buffett’s Alpha, is the realization that the best performing mutual fund OR stock over long periods only clocked in at a Sharpe ratio of around 0.76. If you’ve read a lot of our old posts you would know that is something we have been chatting about but still [...]
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