Wednesday, 05 March 2008 00:00

Quote of the day: Alpha, Schmalpha

From alacrablog :

There was a lot of side talk at Money:Tech about information that can generate alpha.
Basically the theme was if discover or create some proprietary data
that will generate excess risk-adjusted returns, why would you sell it?
You should trade it! Bill Janeway
of Warburg Pincus offered something like the following: "Alpha is the
money you make when you perform better than the market. Schmalpha is
the money you make when you perform better than your clients..."

Last modified on Wednesday, 05 March 2008 00:00
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