Important Disclaimer: Ken Kam, Marketocracy Data Research's Editor in Chief, also is portfolio manager for mutual and hedge funds advised by a Marketocracy affiliate. Before relying on his opinions, always assume that he, Marketocracy, its affiliates and clients have material financial interests in these stocks and hold or trade them contrary to those opinions. Continue reading for more detailed and important disclosures, disclaimers, limitations and material conflicts of interest.
Where are all the great investors?
We all dream of finding the next Warren Buffet. But even Warren Buffet is having trouble finding the next Warren Buffet. And, he’s not the only one having trouble. Out of over 11,000 mutual funds, almost 70% have replaced their managers in the last 5 years. That’s a pretty high failure rate. The scarcity of investment talent is the perhaps the single biggest reason why there are so few mutual funds that I found worth recommending as a core holding. Click here for the list
Actually, there is a good reason why there are so few great investors. When it comes to investing, mistakes can cost thousands of dollars. Since everyone is bound to make mistakes when they are getting started, it is hard to get enough practice to become a great investor without going broke in the process. If the same was true of golf, there would be just as few great golfers as there are great investors.
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