Global Leaders Strategy Investment Letter: January 2024
Brown Advisory
JANUARY 17, 2024
Statistically, these are known as Type 1 errors of commission (or inclusion) having fallen for a false positive signal. We all know that a 55% hit rate is the top decile across the industry, and the maths above demonstrates why. The first is a false positive, whereby one believes a company is a good potential investment and invests.
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