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Larry Swedroe: Investor Biases & Mutual Funds

FYI: The relationship between investment flows and mutual fund performance is of great interest. For example, do investors naively look only at raw returns when making asset allocation decisions, or do they adjust returns for risk, using an asset pricing model?
Regards,
Ted
https://www.etf.com/sections/index-investor-corner/swedroe-investor-biases-mutual-funds?nopaging=1
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