“People should only buy mutual funds with experienced portfolio managers that have good long-term track records.”
“Investing in highly rated mutual funds with at least 4 or 5 stars is a sure-fire way to choose the best fund.”
“Our firm screens thousands of mutual funds to help our clients find funds and managers that have stood the test of time.”
The above thinking is just a small sample of the entrenched but dead-wrong conventional wisdom the investing public is constantly sold.
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