While the explanations are varying widely - many peppered by stirring anecdotes - the most plausible is provided by the financial strategist and author Michael Mauboussin in his book ‘The Success Equation’. In particular, his provocative musing on ‘The Paradox of Skill’ shines crucial light on the extraordinary outcome to the Premier League. As an important bonus, it also provides timeless and significant insights for those of us trying to beat the stock-market....
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