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 Building the Bench: How the University of Iowa Is Training the Next Generation of Insurance Investment Talent For Members Only Seligman Ventures Makes Ninth Investment Since February Stephen Taub Institutional Investor enters next chapter of growth with Apax Partners Sponsored by Apax