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The spark for today's conversation was an article that my guest, Victor Haghani, posted to Seeking Alpha back on July 18 of this year titled Smart Beta: The Good, The Bad, And The Muddy. In it Victor helped crystallize some of the issues I myself have been struggling with around the narratives which are often constructed about smart beta - or factor investing as it's often called. Victor is not uncharitable to the idea of smart beta. In fact he still uses some factor tilts in client portfolios when called