Wednesday, June 10, 2009

Yes, Your Favorite Hedge Fund Manager Is Probably Just Lucky

ClusterStocks' Henry Blodget pointed this out yesterday: The actual link is from Ken French, so you know it is good!Yes, Your Favorite Hedge Fund Manager Is Probably Just Lucky: "Your favorite hedge fund manager has walloped the market by 5% per year for the past 10 years, so he's obviously a genius, right?Actually, no. He had a one-in-five chance of doing that just by throwing darts."From the

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