Mutual Fund Survivorship: The Revenge Of Abraham WaldGuest Post
Mutual Fund Survivorship: The Revenge Of Abraham Wald by Tom Macpherson, Dorfman Value Investments
The story of Abraham Wald and the study of WWII bomber casualties is one of the more enlightening stories from the field of operational research. During the early days of the Allied strategic bombing campaign the amount of bombers not returning from their missions reached an unacceptable rate. In a desire to find out . . .
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