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.
A good reminder. It prompts me to think of the Zurich Axioms which have been featured here in MFO. Maybe Fund Alarm, prior to that. I studied those axioms and believe them to be well-put-together. Good guidance. However, it also looks to me like some of the axioms contradict each other, so you must employ them with a sense of intuition rather than concrete, black and white. either/or types of measurements. (For example: "Let your winners run, vs. another one advising the investor to sell and take profits.)
Comments
Regards,
Ted
http://www.ritholtz.com/blog/2011/02/the-zurich-axioms/print/