Re: Evaluating Managed Funds
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* 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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Honestly, I don't understand how people who lived through 1998-2001 could claim that the stock market is too efficient to beat.
BTW, I definitely appreciate your advice, jively. And I agree 100% that index funds are an excellent investment vehicle. But I don't believe that the market is always priced too efficiently to exploit.
Though, I certainly agree with you that you can't look at a managed fund's return for the past X years and draw a conclusion about its ability to pick stocks well.
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