FinanceBy making use of Mint, Microsoft Excel Spreadsheets, Complete ID and setting all of my bills up for automatic payments, I can stay on prime of my finances. Mint offers me a snapshot of all of my accounts, Excel offers me a snapshot of all my bills, Complete ID watches my credit for identity theft and gives me my credit score and on-line automatic bill pay gets my bills out on time with no thinking about it.

How can this be? 1 interpretation is that fund managers aren’t skilled to begin with, and rather any excellent efficiency is due to luck. The pondering goes as follows. Ability is permanent. If great previous overall performance were due to ability, efficiency must keep strong in the future. But, luck’s temporary. If good past performance were due to luck, overall performance should revert to the average in the future. Considering that future overall …