Re: Evaluating Managed Funds
I have started to learn from the very intelligent people on this board and based on their recommendations have started to read "The Intelligent Investor". So far I am through about only about 10% of the book and am thouroughly enjoying it so far. Here is a passage that is very well stated:
"The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap). The intelligent investor is a realist who sells to optimists and buys from pessimists." - Benjamin Graham
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