{"id":215,"date":"2006-07-30T05:45:00","date_gmt":"2006-07-30T12:45:00","guid":{"rendered":"http:\/\/www.elbeno.com\/blog\/?p=215"},"modified":"2006-07-30T05:45:00","modified_gmt":"2006-07-30T12:45:00","slug":"money-masters","status":"publish","type":"post","link":"https:\/\/www.elbeno.com\/blog\/?p=215","title":{"rendered":"Money Masters"},"content":{"rendered":"<p>You&apos;ve seen the adverts, perhaps. &#8220;We identified 15 fund managers who consistently outdid their peers over the last ten years&#8221;. What&apos;s the deal here? Do they believe their own hype, I wonder? I would be surprised if among 8000+ fund managers, they could <i>not<\/i> find 15 who fulfilled some level of performance. But that doesn&apos;t mean it&apos;s by ability &#8211; it would still be the case if fund management performance were driven by luck.<\/p>\n<p>Still, relying on people not being able to accurately judge probability or understand statistics isn&apos;t a bad business plan I suppose.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>You&apos;ve seen the adverts, perhaps. &#8220;We identified 15 fund managers who consistently outdid their peers over the last ten years&#8221;. What&apos;s the deal here? Do they believe their own hype, I wonder? I would be surprised if among 8000+ fund managers, they could not find 15 who fulfilled some level&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-215","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.elbeno.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.elbeno.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.elbeno.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.elbeno.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.elbeno.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=215"}],"version-history":[{"count":0,"href":"https:\/\/www.elbeno.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/215\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.elbeno.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.elbeno.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.elbeno.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}