“Santa Claus and the Easter Bunny should take a few pointers from the mutual-fund industry. All three are trying to pull off elaborate hoaxes. But while Santa and the bunny suffer the derision of eight year olds everywhere, actively-managed stock funds still have an ardent following among otherwise clear-thinking adults. This continued loyalty amazes me. Reams of statistics prove that most of the fund industry's stock pickers fail to beat the market.” ThinkingShouldTryingYearsStillsSufferingThreeClearFailingIndustryProveBeatsAdultsInvestingFollowingEightLoyaltyFundMutualStatisticsEasterSantaSanta ClausArdentBunniesMutual FundDerisionHoaxesPointersClear ThinkingEaster Bunny Author:Jonathan Clements
“What to do when the market goes down? Read the opinions of the investment gurus who are quoted in the WSJ. And, as you read, laugh. We all know that the pundits can't predict short-term market movements. Yet there they are, desperately trying to sound intelligent when they really haven't got a clue.” KnowsTryingSoundTermOpinionLaughingHavensMovementIntelligentInvestmentClueShort TermGuruPunditsMarket Timing Author:Jonathan Clements
