Fundamental tradeoffs in the pursuit of alpha (Josh Coval)

 

In a world where a lot is mispriced by a little and little is mispriced by a lot, how should managers respond?  Josh sees an important, thought provoking and fundamental tradeoff in this question.

The risk of loss in trading commodity interests can be substantial. You should therefore carefully consider whether such investing is suitable for you in light of your financial condition. Past performance is not necessarily indicative of future results.