While I was visiting the web site of Dartmouth financial economist Ken French a few weeks ago, gathering portfolio returns data for my Ruby Monday series of blogs, I wandered into the French/Fama Forum and found a most interesting essay entitled: Luck versus Skill in Mutual Fund Performance. The article is actually the dumbed-down version of French and University of Chicago colleague Gene Fama's arcane academic paper: Luck Versus Skill in the Cross Section of Mutual Fund Returns. I downloaded both but found the former much more comprehensible than the latter. As discussed in my blog several weeks ago, attribution of luck versus skill is central to portfolio performance measurement. I suggested then that luck vs skill allocation should be a primary focus of business PM as well.
Register or login for access to this item and much more
All Information Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access