John Husselbee: Differentiating between luck and skill

'Some people build walls'

John Husselbee: "We continue to question why so many investors buy funds on the back of a three-year track record."
John Husselbee: "We continue to question why so many investors buy funds on the back of a three-year track record."
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When the winds of change blow, some people build windmills and some build walls, writes John Husselbee, as he discusses the difference between luck and skill in fund management

To channel Dirty Harry, how many of us consider ourselves lucky? For something that, by definition, has no basis in fact, luck plays a huge role in many cultures around the world. In China, for example,...

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