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**SKILL VERSUS LUCK MICHAEL A. ERVOLINI ebook**

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* Format: pdf / epub / kindle
* ISBN: 9780262052207
* Publisher: The Mit Press

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Overview
How to move beyond guessing about manager skill with decision-based analytics, not the outcome-based analytics used at present.Skill is the raison d’être for active equity management. Yet precious little is known about manager skill. What is skill? Who has it? How should it be measured? Is a manager’s skill improving, declining, or remaining consistent? Without answers to such fundamental questions, capital allocators have no choice but to rely on inferences, hunches, and guesswork.In Skill...