Here’s how it works now.

A mystery! Who doesn’t love a good mystery? Bloomberg headline: A Once-Hot Fidelity Fund Is Outperforming Again. Investors Still Don’t Care Magellan’s journey from icon to afterthought may be the starkest example of the eroding trust in professional stockpickers. Feingold’s record is strong: Under his tenure, which began in September 2011, Magellan has bested the S&P 500 index every full year but 2016. An...

source https://thereformedbroker.com/2018/12/27/heres-how-it-works-now-2/