Re: Evaluating Managed Funds
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Of course I'm not sure how Buffett beat the market since he believes the CAPM is pure BS, and that Beta has nothing to do with risk. He's just an old fuddy duddy so out of touch with these smart academic types that he's content with a 50 year record averaging north of 25% a year....
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Honestly Bill Gates has done much better hasn't he?
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