Great comment:
“It’s because of two mistakes that retail investors make—one is trying to time the market and the other is chasing the performance of a manager. The retail investor performance in mutual funds is 600 basis points lower—six percentage points lower—than the mutual fund itself.”
Thomas Brown, Second Curve Capital, Bloomberg Surveillance, 21 February 2012.
–Econochat
What's been said:
Discussions found on the web: