re ..track record on picking good mgrs.
we dont know yet.. and will not know until the next big stock market decline.
not, correction but 30,40:50 pct fall.. no idea when .
we picked Mutual F mgrs.... on full cycle risk adjusted performance .
that means oct 2007 to date . we selected on max drawdowns , and full cycle returns . both before and after taxes .. some are maintaing their lead..
some lagging in boom as defensive , holding cash etc . so onky aftera future big drop will we have proof these active mutual funds outperform ..
re ..track record on picking good mgrs.
we dont know yet.. and will not know until the next big stock market decline.
not, correction but 30,40:50 pct fall.. no idea when .
we picked Mutual F mgrs.... on full cycle risk adjusted performance .
that means oct 2007 to date . we selected on max drawdowns , and full cycle returns . both before and after taxes .. some are maintaing their lead..
some lagging in boom as defensive , holding cash etc . so onky aftera future big drop will we have proof these active mutual funds outperform ..