Why do investors latch on to past performance of funds even though it has little correlation with the future? Debashis Basu explains
In our last issue, we discussed how a study by Litman/Gregory Fund Advisors (LGFA) “failed to unearth a significant positive correlation between past relative performance and future relative performance.” However, the idea that the past gets repeated is firmly...
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
