Contraptions

Contraptions

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Contraptions
Contraptions
The End of Alpha

The End of Alpha

There is no alpha left in history anymore

Venkatesh Rao
Aug 27, 2022
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Contraptions
Contraptions
The End of Alpha
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In investing, a strategy has alpha when it delivers better-than-market-average returns. The term is also often used to loosely refer to privileged information, the asset itself, or to a contrarian idea providing the rationale for a large class of trades.

Investing alpha is a relatively narrow articulation of a broader, more natural notion of alpha, encom…

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