"When studying money managers, academics always note the presence of survivorship bias. Survivorship bias amongst many other things is the idea that if you flip a coin often enough any monkey can succeed at this job. Basically in any given pool of applicants, a very small percentage can flip ten heads in a row and thus produce 10 consecutive years of good performance through sheer luck...
http://www.stock-investing-software.com/commentary/articles.html?next=14940
Ian
This week's "Tools of the Trade": http://snipr.com/tools-of-the-trade
Explicit NON-commercial advisory: Spot-on, advantageous FREE information, products and/or services presented weekly.
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This week's "Tools" topic: Talk about money managers! This week's "Tools" will update you on a Model Portfolio utilizing an algorithm the equivalent of "daily cost averaging in hyperdrive" - it's called position cost averaging.
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Stocks, mutual funds and the entire investment gamut. Only financing/investment avenues in India will be discussed.
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