Puttnam’s Law

A sweet article from Above the Market on why David Puttnam got fired at Columbia Pictures.  He tried something different.

Many money managers are afraid to deviate from industry norms, cap weighting, Modern Portfolio Theory, and other shibboleths for the same reason.

On the other hand, the only way to outperform is to embrace doing things differently.  Each of us gets to decide to try to succeed by going off the beaten path, or to fail conventionally.

David Puttnam

via Abnormal Returns

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