performance chasing
The Bedrock of Due Diligence? Skepticism and “Cracking the Narrative”
Research analysts must rethink due diligence and manager selection, says Tom Brakke, CFA. Performance chasing doesn't work, and at the end of the day, an analyst's job is to crack the corporate narrative and tie the "what" to the "how." The best due diligence, Brakke says, is "field work."