Yes, Your Favorite Money Manager Is Probably Just Lucky
Your money manager has walloped the market by 5% per year for the past 10 years, so he's obviously a genius, right? Actually, no. He had a 1-in-5 chance of doing that just by throwing darts.
Your money manager has walloped the market by 5% per year for the past 10 years, so he's obviously a genius, right? Actually, no. He had a 1-in-5 chance of doing that just by throwing darts.
Money Magazine | Janice Revell | Posted 06.18.2009 | Business
(Money Magazine) Looking for the light at the end of the tunnel? Watch for these signs that the economy is bouncing back. 1. Managers say things are...
Bloomberg | Christopher Condon and Sree Vidya Bhaktavatsalam | Posted 06.18.2009 | Business
May 18 (Bloomberg) -- BlackRock Inc. and Bank of New York Mellon Corp. are competing to become the world's biggest money manager as stock markets show...
Henry Blodget | Posted 07.10.2009 | Business