Institutions use color-coding systems (green, yellow, red) to monitor active managers' performance, but these systems are only useful if the institution is willing to double down (increase allocation) during red periods when they believed in the manager's strategy when they hired them.

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Speaker

Ben Carlson

Evidence Quote

when youve got into this manager in the first place you knew a period of underperformance is going to come so would you be willing to lean into the pain and double down on that manager or not

Source

Practical Lessons from Ben CarlsonExcess Returns
Created: 8/11/2026, 7:52:29 AM

My Notes

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