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LIES, DAMNED LIES, AND STATISTICS: Survivorship Bias

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"LIES, DAMNED LIES, AND STATISTICS" - Mark Twain. This is a phrase describing the persuasive power of numbers, particularly the use of statistics to bolster weak arguments. When we look at the statistics of what percentage of actively managed funds underperform, they are even more dire when survivorship bias is taken into account.
Published: 2015/11/24

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