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 Amid Strong Gains, D1 Leads Tiger Cubs in Q1 With Bold Moves Stephen Taub Premium Icahn’s Investment Funds Continue Losing Streak Stephen Taub Sponsored Content Advisors and Their Clients Call for New Asset Classes in Model Portfolios Sponsored by BlackRock