Competitive Advantage in Investing: Building Winning Professional Portfolios

Links theory and practice for investment professionals and portfolio managers, demonstrating why some portfolios consistently perform better than others

Investing well, like any other business, depends on competitive advantage. Some portfolios reliably generate greater returns than others because they simply are better positioned to benefit from strengths and avoid weaknesses. Building and using competitive advantage becomes central to the daily work of the best mutual funds, hedge funds, b...