FYI: Many famous investors are outspoken about their
investment philosophies, and carefully apply them to a
select number of securities. In this
Alternative Thinking
,
We seek to apply their wisdom systematically; to ask
whether their philosophies applied broadly might still
generate “alpha”.
Our analysis suggests there are many ways to achieve
long-run investment success. The takeaway for investors
is to identify structural edges and commit to seeing them
through inevitable periods of underperformance. As each
of our superstars shows, “merely good” edges over time
may compound to great long-term performance
Regards,
Ted
http://marketing.aqr.com/acton/attachment/12398/f-0818/1/-/-/-/-/AQR Alternative Thinking - 4Q2016.pdf?sid=TV2:pCmancmKl
