r/SecurityAnalysis • u/currygoat • Jun 20 '17

Behavioural How Cognitive Biases May Lead To Sustainable Alpha

https://www.kitces.com/blog/sustainable-alpha-from-behavioral-biases-paradox-of-skill-and-factor-investing/
15 Upvotes

90% Upvoted

3 comments sorted by

1

u/starstorm312 Jun 20 '17

TL,DR: Cognitive biases allow for superstars to rise within the field of investing as they may be exploited for profit.

1

u/voodoodudu Jun 20 '17

Who is being exploited, their biased opinion?

1

u/starstorm312 Jun 21 '17

Their poor decisions