Time Changes Facts?
Index Mutual Funds worked in the high growth era of the 1990's, but have been bad news since. Therefore, the theory that an investor wastes his time by choosing a manager-run mutual fund is no longer valid, and probably never was. The 2000's have allowed truly great stock pickers to emerge and be in the spotlight. They are easier to find now and the phonies of the 1990's are fleeing the scene.