[Tauzero]

In other words, we now have record survivor bias in reported mutual fund returns. :)

[imawit]

nother way to put it. Hey, thanks for the post, I thought I was just talking to myself and arete.

[Deuce]

In other words, we now have record survivor bias in reported mutual fund returns. :)

I assume from your smile, that you recognize that that has always been the case. After all, they tell you that "past performance is no guarantee..." then the whole pitch talks about how great past performance was. Better that they be required to report the truth:

"Past performance is no INDICATION, WHATSOEVER, of future performance."

If it were, it sure would be a simple game!