Sports hedge fund? Unlike stocks, bonds, real estate and commodities, sports results do not depend on economic factors. Sports bets offer arbitrages and mispricings like "efficient" financial markets. Find alpha in stocks, bonds, commodities, currencies or sports? Diversification of uncorrelated returns is the way to go. Focus on building return streams from ALL alpha producers.
Michael Jordan, Wayne Gretzky, Babe Ruth, Pele and the greatest sportsperson ever, Donald Bradman
, were just lucky flukes like hedge fund managers Jim Simons, George Soros, Warren Buffett, Jesse Livermore and Munehisa Homma? Buy every stock because it's "impossible" to find good ones in advance. There are no good sportspeople just lucky ones? No such thing as talent and dedication?
How many teams would win if managers just randomly chose players from the phone book? Skill is necessary to win in any business. ...Read Full Article >>