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Is Patience a Virtue?The Unsentimental Case for the Long View in Evaluating Returns
David L. Donoho, Robert A. Crenian, and Matthew H. Scanlan
Are investors too impatient with their underperforming managers? Would they benefit from a longer time horizon in making manager hiring and firing decisions? Or, on the contrary, are they too patient? We observe that decision makers – plan…
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