Winning the Performance Game Without Really Trying
Journal of Performance Measurement, 1999, v3(4), 59-66
8 Pages Posted: 25 Nov 2015
Date Written: April 30, 1999
Investment managers overwhelm potential clients with theories and statistical tests that strongly suggest their good past performance was no accident and will continue. Experience suggests otherwise. Statistics and theory can seem quite convincing - even when wrong. This paper illustrates the problem by presenting five "foolproof" ways of winning the performance game. If you can't identify which ones work, which ones don't work, and why, then you had better watch out.
Keywords: active management, performance
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