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 ..