We can then differentiate the rightness itself as between moral rectitude, situational appropriateness, mutual consistency, and other conceptions.

ECONOMIST: Indian summary

There continues to be no evidence of consistency in mutual performance, except in the bottom quartiles.

FORBES: Past Winning Funds Fall Again

The SPIVA Scorecard provides performance comparisons corrected for survivorship bias, equal- and asset-weighted peer averages and measures of style consistency for actively managed U.S. equity, international equity and fixed income mutual funds.

FORBES: Active Funds Continue to Struggle