Wednesday, September 26, 2018 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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