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This week on Standard Deviations with Dr. Daniel Crosby, Dr. Crosby speaks with Drew Dickson. Drew is the founder of Albert Bridge Capital, and CIO of the Alpha Europe funds. He has over 20 years of industry experience, and previously was a partner in the asset management division of Perella Weinberg Partners (PWP). Mr Dickson started his investment management career at Fidelity Investments, before moving to Och-Ziff, then founding Dickson Capital Management, a firm ultimately acquired by PWP in 2012. Mr Dickson holds an MBA from the University of Chicago Booth School of Business, where he was a research assistant for behavioral economist Richard Thaler, as well as a BSc. from Purdue University.
Listen to the podcast here.
Tune in to hear:
- What was Drew’s experience studying under Richard Thaler like?
- Drew thinks that you have to hold a willingness to be right and to be wrong in equal measure at all times - is this something that Thaler modeled in his behavior and how does he think about this in the context of his own firm?
- What’s an analogy we can draw between Hank Aaron’s batting behavior and the act of picking stocks?
- What are a few techniques Drew has discovered to de-bias his thinking a bit?
- Drew is great at distilling highly complex concepts into easily understandable ideas - is this an important part of getting his institutional clients on the same page?
- What are "unknown knowns" and what do they have to do with confirmation bias? Why is the market so averse to ambiguity?
FOOTNOTES
DISCLAIMER
The views and opinions expressed in this post are those of the post’s author and do not necessarily reflect the views of Albert Bridge Capital, or its affiliates. This post has been provided solely for informational purposes and does not constitute an offer or solicitation of an offer or any advice or recommendation to purchase any securities or other financial instruments and may not be construed as such. The author makes no representations as to the accuracy or completeness of any information in this post or found by following any link in this post.
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