Why the Hot Hand of Investing Never Lasts

By Mark Skousen Why can’t the market’s top hedge fund managers stay on top for very long?
Mark Skousen explains the reasons why, and they’re important to understand if you want to grow your wealth.

“Funds don’t have track records, but fund managers do.”
– Alexander Green
“There’s no such thing as the goose that lays the golden egg forever.”
– Jim Simons, manager of Renaissance Technologies hedge fund
For years, I followed the Forbes Honor Roll rankings of the best mutual fund managers in both bull and bear markets.
But after a while, I noticed that only a handful of funds consistently make the list year after year. …read more

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