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Does Powell Mean Business? | David Hay
Forward Guidance
Is There a Better Example of Performance Chasing Than Money Weighted Returns?
There's no better example of the phenomena you said performance chasing than three words money weighted returns. The number one performing mutual fund of the decade from 2000 to 2009 was the cg&m focus fund at that time run by kettie heber and it had great numbers but they were hurt investors even some of the most successful investors such as peter lunch. Most people come in after bitcoin has already got nuts because they hear all the stories and they just can't help it they can't resist anymore and then they just get crushed and then they get out. You know this tendency to go where you know all the action is and where the easy money seems to be being made
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