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Steven Fletcher

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.

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