Mark Hulbert
Mark Hulbert
Mark J. Hulbert is a financial analyst and journalist who monitors and reports on the performance of investment newsletters...
believe charlatans investment passing protect themselves
There are so many charlatans out there who are passing themselves off as respectable investment advisers, ... The only way to protect yourself is to not believe anybody.
came hard hard-work proud together
We are really proud of the home. It was a lot of hard work, but I think it came together nicely.
either
You are either long or short. There is no such thing as a hold.
bad discipline dogs original portfolio stick strategy tinker
The original Dogs of the Dow strategy is actually not a bad one. It has discipline, it's simple, and if you stick with it and don't tinker with it, you'll end up with a diversified portfolio that should do well.
anyone gets knows objective totally
Anyone who thought analysts are totally objective gets what they deserve. Everyone knows it's going on.
assume investors looking recommend
I'm looking at what (the newsletters) recommend and I assume investors are, too,
either hands method wrong
In the right hands either method can work, and in the wrong hands either method can fail.
beat funds mutual past prudent roughly saying sounds though
If you were to say the Prudent Speculator has beat all mutual funds in the past 25 years, it sounds better than saying he beat other newsletters, though it's roughly the same thing,
mutual-fund rational investors
Index funds are the only rational alternative for almost all mutual fund investors.
past discipline assuming
Assuming that the future is like the past, you can outperform 80 percent of your fellow investors over the next several decades by investing in an index fund-and doing nothing else. But acquire the discipline to do something even better: become a long-term index fund investor.
goal impossible management
It is very hard, if not impossible," he wrote in his study, "to justify active management for most individual, taxable investors, if their goal is to grow wealth." And he said that those who still insist on an actively managed fund are almost certainly "deluding themselves.
mean important chance
These results add up to perhaps the most important investment lesson of all that can be drawn from this week's market anniversaries: Predicting turns in the market is incredibly difficult to do consistently well. That means that, if your investment strategy going forward is dependent on your anticipating major market turning points, your chances of success are extremely low.