Zero percent - Not for the last five years though! Bit of a difference.
That article was one depressing read - and again made me smack myself in the head for choosing an active manager, when I would have been far better off in a simple index fund.
In all honesty, he has to be embarrassed showing up at work. It's true, you could make good money off just doing the opposite to him.
Come on Phil - just a gentle nudge out the door.
He has made his 100s of millions... somehow... some way... it's time for him to leave.
I only listened to part of the conference today... and couldn't bear to listen to the rest.
Ann: VG1 Investor Update Presentation, page-10
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