Is Outperformance Just Factor Tilts?
32:34–33:15 · 42s
Ben reframes manager ‘skill’ as often just value/size tilts, previewing Fama-French’s later luck-versus-skill work and fee implications.
32:34–33:15 · 42s
Ben reframes manager ‘skill’ as often just value/size tilts, previewing Fama-French’s later luck-versus-skill work and fee implications.
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