
The Stupidest Thing You Can Do With Your Money (Rebroadcast)
Freakonomics Radio
00:00
The Negative, Some Nature, or of Active Investing
Many investors pay firms to manage their money, sometimes a percentage of assets. Ken French and Eugene Fama published a study in the Journal of Finance called Luck versus Skill. They were trying to figure out when a fund does really well, should we attribute that to this is an incredibly talented manager or just luck?
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