FYI: Year after year, they stood above their peers because they had a very strict discipline that made them successful over their careers. Although many mutual fund managers have trouble beating their relative benchmarks on a regular basis, any investor looking for an extra edge should adopt their methods of professional portfolio management, which should increase their overall performance.
Regards,
Ted
http://mutualfunds.com/education/five-tricks-you-can-learn-from-professional-money-managers/
Comments
In the end, the column apparently agrees with you. Not only may fund managers not have value, neither may you, as you attempt to manage your own portfolio:
"The Bottom Line ... This ... could be quite difficult for a lone investor ... and an index fund might be a better fit."
YMMV
A headline that I would like to see:
One Trick I Learned from Other Worthless Financial Posts
"One trick I learned from other worthless financial hacks is that if I write a column with "Five Tricks I Learned" in the header some guy named Ted will help me make a living writing useless crap by copying it to MFO".
Regards,
Ted
"Trump and Kirstjen Nielsen’s embarrassing surrender on separating families
"It's at once an admission that the politics of the issue had gotten out of hand and that the administration's arguments were completely dishonest."
"Helps equal out the free tuition to illegals."
"Care to back that up with a few facts? (That would be real facts, not the alternate type that you prefer.)"