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Media hype and mutual funds rush questioned
Canadian Business notes how media attention inflates investor interest during market peaks such as the 1980 gold rush and the 1986 mutual funds boom. It cites Hersh Shefrin and Meir Statman who argue fund managers cannot beat random markets, and explains how hindsight bias reinforces the belief in skill over luck.
MENTIONED IN THIS ARTICLE
Maclean’s
Hume Fund
Wall Street Journal
California
Hersh Shefrin
Meir Statman
Psychology Today