Salient to Investors:
Mark Hulbert writes:
The Utility Forecaster, whose editor is leaving, ranks first among 108 monitored services for risk-adjusted performance over the last 10 years, second out of 70 monitored services over the last 15 years, with above-average performance in both up and down markets over the last 12 years.
Whether a strategy’s track record continues with a new editor depends on the extent to which the strategy is quantitative and algorithmic – if it is then its future success is not as dependent on who is in charge. If the strategy relies heavily on subjectivity based on experience, then continuance of its success raises significant doubts.
Read the full article at http://www.marketwatch.com/story/does-investment-experience-count-2013-04-30?link=home_carousel
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