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The Business Lessons of the Belmont Stakes

Harvard Business Review

A success rate of less that 15% is not encouraging. Well, we can quantify that with something called a Beyer Speed Figure , a measure of a horse's performance adjusted for track conditions. For a market to be efficient, where price is an unbiased estimate of value, investors must be cognitively diverse. Silver Charm — 233.

Beyer 16
article thumbnail

The Business Lessons of the Belmont Stakes

Harvard Business Review

A success rate of less that 15% is not encouraging. Well, we can quantify that with something called a Beyer Speed Figure , a measure of a horse's performance adjusted for track conditions. For a market to be efficient, where price is an unbiased estimate of value, investors must be cognitively diverse. Silver Charm — 233.

Beyer 13