“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.” IfsPerformancesAverageActiveFundSurvivingExceed Author:Robert Haugen
“Behaviorists tell us that we tend to overweight and overreact to the most recently received information. If we do, we will find that the information that we thought was so important becomes tempered, and reduced in significance, by new and related information that follows.” IfsImportantInformationRelatedSignificanceOverweight Author:Robert Haugen
