Delivering Alpha

A snippet from a Rick Zullo piece that I loved.

"There are precisely 4 ways to deliver alpha in investing

1.) Asymmetric Information

2.) Asymmetric Insight

3.) Asymmetric Value-Add

4.) Asymmetric Access

The best investors bring multiple asymmetric capabilities to the table, but the only way you earn #4 is by crushing #2-3."

Granular knowledge in the domain leads to better insights into how to source or add value.

Better insights equate to more effective value-add strategies.

Successfully executing on these strategies creates trust and more access as your process has been demonstrated to others.

It's all reps.