The Price of Generating Alpha Alpha is a zero-sum game, according to David Villa of the State of Wisconsin’s Investment Board. Here he talks about how making the right errors leads to high returns. Related Articles Eighteen Months ago, I Wrote About How AI Agents Could Be Used to Run an Entire Investment Business Angelo Calvello The Returns Gap Shows Investors Can't Stop Chasing Performance James Comtois Institutional Asset Owners are Rethinking ETFs Sponsored by Invesco