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Streaks, from Jumpin' Joe to Mutual Fund Managers

Harvard Business Review

And it's also readily observable that performance streaks are everywhere: We have Joe DiMaggio's 56-game hitting streak , Paul the Octopus's seven-game prediction streak for Germany's games in the 2010 World Cup, Ken Jenning's 74-game Jeopardy streak , and Bill Miller's 15-year streak when his mutual fund beat the S&P 500.