Much of it lies in how mutual fund managers are compensated and judged.

很大程度上依赖于共同基金经理的补偿和判断。

youdao

In short, investors often force their mutual fund managers to buy expensive stocks and sell cheap ones.

短期来看，事实上，投资者经常强迫他们的共同基金经理买入高价股票而低价卖出。

youdao

Mutual fund managers and stockbrokers use this information in picking stocks for the mutual fund or for recommending stocks to their clients.

共同基金的基金经理和股票经纪人利用信息为共同基金选择股票或者推荐给他们的客户。

youdao

This is true whether you look at the universe of the mutual fund managers that we might have available to us as individuals or whether it's institutional data, such as those that I just cited; that concept is survivorship bias.

的确如此,不论你在观察,可接触到的基金经理个人,还是观察一些机构数据,就像我刚引用过的那些,这个现象就是生存偏差

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We gave it to mutual fund managers when we realized that we usually underperformed the market.

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