Finance & economics | Free exchange

Who are the world’s best investors?

The answer is not hedge funds or quant shops or short-sellers

A Wall Street man in a suit shooting an arrow through a bow.
Illustration: Álvaro Bernis

If finance has a single rule, it is that arbitrage should keep prices in line. If they do stray from fundamentals, so the argument goes, savvy investors should step in to correct them.

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The Economist today

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