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THE JOURNAL OF FINANCE • VOL. LXVIII, NO. 3 • JUNEReverse Survivorship Bias JUHANI T. LINNAINMAA∗ ABSTRACT Mutual funds often disappear following poor performance. When this poor performance is partly attrib
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THE JOURNAL OF FINANCE • VOL. LXVIII, NO. 3 • JUNEReverse Survivorship Bias JUHANI T. LINNAINMAA∗ ABSTRACT Mutual funds often disappear following poor performance. When this poor performance is partly attrib