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M*: Want To Test Your Managers' Mettle? Ask Them To Work Backward: (VCHOX)

FYI: Don't settle for reassurances. Ask active fund managers to explain how they'll deliver the value they purport to add after fees.
Regards,
Ted
https://www.morningstar.com/articles/943057/want-to-test-your-managers-mettle-ask-them-to-work-backward
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