Re:Visual proof that investors are bad at timing the market
by bolu on Thursday February 02, 2012 @03:52PM
(#3544402)
They're both part of the same story: that individual investors are bad at this, and professional managers aren't any good at it either.
Fair point though, that was definitely a conceptual leap of some distance there between the two.
The skill vs. luck argument is actually better investigated by looking at a separate data set: that of the persistence of performance over time for the same manager. We'll do a story about that sometime in the future.
Fair point though, that was definitely a conceptual leap of some distance there between the two.
The skill vs. luck argument is actually better investigated by looking at a separate data set: that of the persistence of performance over time for the same manager. We'll do a story about that sometime in the future.