Don’t Assume Outperformance is Down to Skill

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The media loves to hype the next big thing. Let’s face it, the latest and greatest drives ratings. So when a stock picker finds random success, the media sings the praises of the newest stock picking dynamo. Of course, when the stock picker’s success dries up, they are quick to jump on the next stock picking guru. It is important to never assume outperformance is evidence of skill.
Published: 2015/08/03

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