Good investing paper on mutual funds and alpha

[NajdorfDefense]

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Yes, well, we already had research that proved momentum in MF outperformance is persistent and you can earn free alpha from that.

This is just more icing on the cake....no, an extra cake!

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Well, let's not get ahead of ourselves.

So while the evidence suggests/indicates that, on average, outperformers continue to outperform, there's a lot of noise in that data [ QUOTE ]


No, there is not.

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and I'd guess you'd have to get a good deal of diversification across those funds before you were likely to outperform.

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This is also false. Stop responding to proven investing algorithms and methods of alpha-generation with 'your guesses.' Write your own paper and get it published and get famous by proving Roger Ibbotson wrong and get wealthy, or start a company like he did, do the opposite of his 'incorrect' strategies and make $tens of millions.