shutterBUGnyc (December 31, 1969 at 6:59 pm)

That's a pretty silly comment to make DanielC. I'm sure he couldn't break down the method in every aspect within 6 minutes...and it'd be silly to think so. So take what he said, and do you due diligence on his suggestions. And to add: the funds you should be researching should have managers (whom you can research) that have a good history with their present and past companies, which should have consistently high performances themselves over the last 10 years which takes away higher risk.

danielc78 (December 31, 1969 at 6:59 pm)

You can't predict future performance like that. Imagine a coin-flipping contest where 10,000 people try to flip heads. After 10 rounds, 10 people should flip 10 heads in a row purely by chance. Those 10 guys will say that they are skilled coin-flippers and they'll have a track record to "prove" it.These are the mutual funds you get in Morningstar with your method. They are not better. In a world with more than 10,000 funds, it's inevitable that some will get lucky 10 years in a row.

shutterBUGnyc (December 31, 1969 at 6:59 pm)

Wow, this was great. Where does the Insiders Group meet?