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Here’s How Much A Fund Manager Would Have To Gain To Be Truly Superior
FYI: Speaking in Hong Kong recently, economics Nobel prize winner Robert Merton gave the best single statistical reason why fund manager evaluation adds zero value for investors. According to Merton, to be able to verify with 95% confidence that a manager provides superior advice, the manager would have to average a return of more than 30% for 20 years. Regards, Ted https://www.marketwatch.com/story/heres-how-much-a-fund-manager-would-have-to-gain-to-be-truly-superior-2018-02-22/print
