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Robert Haugen quote: If we observe the performance of only those funds that...
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  • If we observe the performance of only those funds that remain active, we will tend to find that the average performance of the surviving funds exceeds that of the market.

    Robert Haugen
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    "The Inefficient Stock Market - What Pays Off And Why". Book by Robert Haugen, Chapter 6, Counterattack-The First Wave, p. 63, 1999.
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If we observe the performance of only those funds that remain active, we will tend to find that the average performance of the surviving funds exceeds that of the market. - Robert Haugen
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