People, who are Sophisticated Investor, go against Efficient Market 1. Add Value to the company 2. Have High Human capital 3. Luck.
General Public will follow Efficient Markets and Asset Pricing Risk Return for beta returns for their retirement.
Canyon Distressed Opportunity Fund likes the backdrop for credit
The Canyon Distressed Opportunity Fund III held its final closing on Jan. 1 with total commitments of $1.46 billion, calling half of its capital commitments so far. Canyon has about $26 billion in assets under management now. Q4 2020 hedge fund letters, conferences and more Positive backdrop for credit funds In their fourth-quarter letter to Read More
Eugene Francis “Gene” Fama is an American economist, often referred to as “The Father of Finance”, best known for his empirical work on portfolio theory, asset pricing and stock market behaviour.
“The University of Chicago basically plucked me out of Kansas and put me on this trajectory …Sometimes I wonder, why me? But it happened. ” — David Booth