Mutual fund managers are trapped in this rather deadly vicious circle: the more successful they are, the more money flows into their mutual fund. Then, it is more difficult for them to beat the market averages or even to match their own past performance.

Ron Chernow

Ron Chernow

Beat Circle Deadly Difficult Even Flows Fund Managers Market Match Money More Mutual Own Past Performance Rather Successful Them Then Trapped Vicious

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