Re: Evaluating Managed Funds
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there is no one that can pick stocks and beat the benchmark over a long period of time
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Oh, please.*
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Take 1000 fund managers and put them in a room. Ask them to flip a coin and try to get heads....
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Have you read The Superinvestors speech?
* I'm not saying it's easy, I'm just saying that all tautologies are false [img]/images/graemlins/wink.gif[/img] and there's a lot of data that contradict you/Fama/French/Malkiel/Samuelson/.....
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