“It’s human nature to find patterns where there are none and to find skill where luck is a more likely explanation.” — William Bernstein Copy Share Image
“It’s human nature to find patterns where there are none and to find skill where luck is a more likely explanation.” — William Bernstein Copy Share Image
“William J. Bernstein and Robert D. Arnott, “Earnings Growth: The Two Percent Dilution,” Financial Analysts Journal 59:5 (September/October, 2003): 47–55.” — William Bernstein Copy Share Image