SSRN-Luck versus Skill in the Cross Section of Mutual Fund Alpha Estimates by Eugene Fama, Kenneth French

Ok, for starters It was from Fama and French. So even if I said nothing more, you would probably assume it was good. Like most of their work, this one is thought-provoking and insightful. Their interest this time is in Mutual Fund performance. Their findings? More evidence that markets are tough to beat.SSRN-Luck versus Skill in the Cross Section of Mutual Fund Alpha Estimates by Eugene Fama,