The Half-Full Glass: Active Managers CAN Outperform Index Funds, Net of Fees

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In a supplement to our Alpha Lifecycle research, we find that disciplined active managers who are able to exit positions at or near the peak of their alpha curve can preserve more than 120 bps outperformance (net of fees), per year, vs index funds.

From Texas Hold’em to Performance Coach: An Interview with Poker Pro Chris Sparks

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Essentia CEO Clare Flynn Levy talks to former top-20 online poker player (and Behavioral Alpha Poker Night host) Chris Sparks about the lessons investment professionals can learn from elite-level poker.

The Consequences of Normalized Deviance

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Ignoring standard procedure can be disastrous in complex, dynamic sectors like aviation and finance. Clare Flynn Levy considers the presence of normalized deviance in asset management and provides a list of steps to identify and overcome the ways it may already be affecting your investment team.

Our New Analysis Demonstrates Alpha Lifecycle

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We have long suspected that alpha, a key measure of an investment manager's added value, has a finite life span and often tends to decay over time. Our new research proves it, bringing new insights into the nature of alpha and how portfolio managers can act to sustain it.

Two Questions for Noted Cognitive Neuroscientist Tali Sharot

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Ahead of her keynote presentation at this year's Behavioral Alpha conference in London, we talk to Dr. Tali Sharot, Professor of Cognitive Neuroscience at UCL and best-selling author, about the factors that can make us change our minds.

What do poker and investing have in common? Our 7 favorite quotes

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Poker is a well-known training ground for many investors and traders. Here is a short but sweet collection of our favorite quotes on the relationship between playing a strong hand at the poker table and making a canny investment decision.

Why investing is like poker (but not chess)

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Poker legend Annie Duke talks to Clare Flynn Levy about the similarities between poker and investment, and why she believes that human decision-making can hold its own against the algorithms in a world of decision-making complexity.

From Flushing Meadows to the NYSE: Why your behavioral idiosyncrasies matter

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Player psychology and process has always been important important in tennis - but never more so than at this year's US Open. Guest blogger John Quartararo explores the behavioral rituals of some well-known champions and considers what investors can learn from them.