Paul Farrell reminds us about the effects of survivorship bias
“Out of 2,071 equity funds, over one-third (725) were killed off between 1962 and 1995. Dig the vampires out of the graves and the average category returns sink 1.3% below their indexes.”
This entry was posted by David on November 2, 2006 at 5:51 pm, and is filed under Investing. Follow any responses to this post through RSS 2.0.Responses are currently closed, but you can trackback from your own site.