Fooled by Randomness: Investors Don't Properly Evaluate Fund Manager Skill – ValueWalk Premium
Investment decisions

Fooled by Randomness: Investors Don't Properly Evaluate Fund Manager Skill

Investors are “Fooled by Randomness” and when chasing returns to make investment decisions in funds more often than not do not take into account key considerations that paint a true picture of the manager’s skill, says a study.

In the paper “Fooled by . . .

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