A Bold Way to Pick ‘Winners’

It’s a mystery to me why so many investors pay brokers to pick “winning” mutual funds. But they do, and it turns out that they aren’t alone in this often fruitless quest. Pension funds pay obscene fees to “consultants” who claim the ability to select outperforming mutual funds or other types of investments.

A flawed process

Read the rest of the article at The Huffington Post.