Behavioral Mutual Funds Underperform The Market: [Study]
We all have cognitive biases, and smart traders will find ways to compensate for them whether it’s through strict adherence to an investment process, a mental checklist or some other process. But how easy is it to use behavioral finance not just to protect yourself from unforced errors but to beat the market? A study of mutual funds that explicitly make use of behavioral finance found no evidence that . . .
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