You Can Trust The Investment Process Of These ManagersDavid Trainer
Many actively managed mutual funds operate with “black box” strategies that give investors little information about how the managers pick stocks. Fund documents will give vague platitudes about how the managers use “fundamental analysis” to find “highly profitable” companies that are “undervalued”, but these terms lack clear definition.
This lack of clarity is a significant problem for investors. A manager that uses “fundamental research” that is based . . .
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