Re: An experiment with riding a mutual fund manager
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I'm taking five of his top weightings in a successful fund he runs and putting a sum of money just into those five, and removing the 150-200 other holdings in the fund
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I still don't really see why professional fund managers carry so many stocks (OK - some have liquidity issues). I had a small cap funs that had 600 stocks. I sold it and bought a small-cap index that held about 400 stocks - many in the same weighting as the managed fund.
These guy managing scores of stocks are just charging for high-priced closet indexes.
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