{"id":1846,"date":"2017-04-19T14:03:56","date_gmt":"2017-04-19T18:03:56","guid":{"rendered":"https:\/\/envisionco.net\/?p=1846"},"modified":"2017-04-19T14:22:46","modified_gmt":"2017-04-19T18:22:46","slug":"an-overlooked-statistical-concept-shows-why-it-is-so-hard-to-beat-a-benchmark","status":"publish","type":"post","link":"https:\/\/envisionco.net\/?p=1846","title":{"rendered":"An overlooked statistical concept shows why it is so hard to beat a benchmark"},"content":{"rendered":"<p>These articles explain the concept of positive skew and how it makes beating a benchmark so difficult.<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-04-09\/lopsided-stocks-and-the-math-explaining-active-manager-futility\">The math behind the futility.<\/a><\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/view\/articles\/2015-11-11\/why-indexing-beats-stock-picking\">Why indexing beats stock picking<\/a>.<\/p>\n<p><a href=\"https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=2900447\">Do stocks out perform treasury bills?<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>These articles explain the concept of positive skew and how it makes beating a benchmark so difficult. The math behind the futility. Why indexing beats stock picking. Do stocks out perform treasury bills? &nbsp; &nbsp;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1846","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts\/1846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1846"}],"version-history":[{"count":3,"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts\/1846\/revisions"}],"predecessor-version":[{"id":1849,"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts\/1846\/revisions\/1849"}],"wp:attachment":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}