Thought people here might be interested in this: https://www.nytimes.com/2018/07/12/business/hedge-funds.html
Of course the problem with looking at average performance is that everyone is convinced they can find (or can be) the above average manager, just like most people think they're above average drivers, or will have above average kids, or an uncommonly happy marriage. We're all the stars of our own stories, and of course some people really are above average, at least for a time.
Submitted July 13, 2018 at 10:31AM by Alexblbl https://ift.tt/2mgLVQw
