Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Support MFO
Donate through PayPal
Mark Hulbert: Why Mutual Fund Managers On A Hot Streak May Be Too Good For Your Money
FYI: “Hot hands” — in sports, business, and investing — don’t last forever. But why? One explanation is that it’s not because outstanding money managers lose their touch (though, of course, that sometimes happens). Instead, the hot hands of even the best investors must eventually cool because their success attracts too much money and eventually overwhelms their market-beating abilities. Regards, Ted https://www.marketwatch.com/story/why-mutual-fund-managers-on-a-hot-streak-may-be-too-good-for-your-money-2018-05-21/print
