Inside Active: Michael Ervolini on Separating Skill From Luck
Selecting active managers has always been one of investing’s greatest challenges, in part because strong performance doesn’t always reflect repeatable skill. In this episode of Inside Active, host David Cohne,...
By Mariam Traore · Bloomberg
Selecting active managers has always been one of investing’s greatest challenges, in part because strong performance doesn’t always reflect repeatable skill. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, speaks with Michael Ervolini, author of “Skill Versus Luck,” about why investors should rethink how they evaluate active managers. They discuss the limitations of traditional performance metrics, how decision-based analyt