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	<title>Nerds on Wall Street &#187; efficient frontier</title>
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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>
		<category><![CDATA[alpha returns]]></category>
		<category><![CDATA[capital market efficiency]]></category>
		<category><![CDATA[computational finance]]></category>
		<category><![CDATA[efficient frontier]]></category>
		<category><![CDATA[efficient markets]]></category>
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		<category><![CDATA[inefficient market]]></category>
		<category><![CDATA[insider stock trading]]></category>
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		<category><![CDATA[investing alpha]]></category>
		<category><![CDATA[investment alpha]]></category>
		<category><![CDATA[market alpha]]></category>
		<category><![CDATA[market efficiency]]></category>
		<category><![CDATA[market volatility]]></category>
		<category><![CDATA[passive management]]></category>
		<category><![CDATA[quantative investing]]></category>
		<category><![CDATA[stock alpha]]></category>
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		<category><![CDATA[wall street]]></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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