Persistence of outperformance is very low in active management—most funds that outperform over a three-year period do not outperform in the following three-year period, making past performance an unreliable guide to future success.

factualpending

Speaker

Ben Carlson

Evidence Quote

the amount of funds that outperform over three years for them to go and outperform the next three it's a very low percentage of funds that actually do that

Source

Practical Lessons from Ben CarlsonExcess Returns
Created: 8/11/2026, 7:52:29 AM

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