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	<title>Nerds on Wall Street &#187; alpha investments</title>
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		<title>Part 2 &#8211; Alpha as Life</title>
		<link>http://nerdsonwallstreet.com/alpha-returns-active-investing-519/</link>
		<comments>http://nerdsonwallstreet.com/alpha-returns-active-investing-519/#comments</comments>
		<pubDate>Sun, 24 May 2009 21:20:43 +0000</pubDate>
		<dc:creator>David Leinweber</dc:creator>
				<category><![CDATA[computational finance]]></category>
		<category><![CDATA[active management]]></category>
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		<category><![CDATA[alpha investments]]></category>
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		<description><![CDATA[Passive Investing &#8211; Active Investing &#8211; Alpha Returns
Index funds are passive investments; their goal is to deliver a return that matches a benchmark index. The Old Testament of indexing is Burton Malkiel’s classic A Random Walk Down Wall Street, first published in 1973 by W.W. Norton and now in its ninth edition. For typical individual [...]]]></description>
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		<title>Chapter 04 &#8211; Where Does Alpha Come From?</title>
		<link>http://nerdsonwallstreet.com/stock-alpha-and-alpha-return-246/</link>
		<comments>http://nerdsonwallstreet.com/stock-alpha-and-alpha-return-246/#comments</comments>
		<pubDate>Fri, 22 May 2009 18:27:09 +0000</pubDate>
		<dc:creator>David Leinweber</dc:creator>
				<category><![CDATA[quantitative finance]]></category>
		<category><![CDATA[alpha investments]]></category>
		<category><![CDATA[alpha performance]]></category>
		<category><![CDATA[alpha return]]></category>
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		<description><![CDATA[Where Does Stock Alpha and Alpha Return Come From?
&#8220;Life Is Alpha. The Rest Is Details.&#8221; — Popular T-shirt at hedge fund manager events
There was a time not too long ago when, if you posed the question “Where does alpha come from?” to a roomful of academic financial economists, most of them would complain: “It’s a [...]]]></description>
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