Saturday, November 25, 2017 Text is available under the CC BY-SA 3.0 licence.

Robert Haugen

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If we observe the performance of only those funds that remain active, we will tend to find that the average performance of the surviving funds exceeds that of the market.
--
Chapter 6, Counterattack-The First Wave, p. 63 (See also: Survival bias)

 
Robert Haugen

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