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Notices
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Umed (not verified)
30th November 2015 | 7:41pm

Michael,

As you point out, the assessment of management is the toughest part of security analysis.

The CFA material has some good insights on how to assess potential clients from an individual portfolio management. I wonder if similar framework could adopted for management teams. My take is that management teams are prone to behavioral biases, which, if identified early, could provide some useful insights to investors.