I've yet to see any smart people stand up for the "Stack Ranking" appraisal system, but I don't believe it was picked without some thought.
@HungLee Yes, this is definitely nuts. Smart and institutionally-aware people will often run strategies like this.
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@HungLee Just spent 10 minutes thinking about how to mitigate this followed by how it would be played. I give up. -
@HungLee I think perhaps the best way is to make evaluation quantitative and global. That reduces structural advantages. - 3 more replies
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