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BAM Intelligence

Sorting Luck from Skill

Luck vs. skill: It isn’t always easy to distinguish which is the case for mutual fund managers. Read more

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Research on Luck versus Skill in Mutual Fund Performance Highlights Active Management’s Shortcomings

Five studies. One common takeaway. Larry Swedroe unpacks the literature on luck versus skill in mutual fund performance. Read more

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As Bad A Strategy I Can Think Of

Selling out-of-the-money puts can be a winning strategy. Until it’s not. Read more

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