Yesterday’s Winners, Tomorrow’s Losers
Update: 2025-05-06
Description
Chapter Nine
Yesterday’s Winners,
Tomorrow’s Losers
-
Fooled by Randomness*
IN SELECTING MUTUAL FUNDS, most fund investors seem
to rely, not on sustained performance over the long term, but
on exciting performance over the short term. (Exhibits 5.2
and 5.3 in Chapter 5 reinforce this point.)
Yesterday’s Winners,
Tomorrow’s Losers
-
Fooled by Randomness*
IN SELECTING MUTUAL FUNDS, most fund investors seem
to rely, not on sustained performance over the long term, but
on exciting performance over the short term. (Exhibits 5.2
and 5.3 in Chapter 5 reinforce this point.)
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