Chapter Ten
Seeking Advice to
Select Funds?
-
Look beforeYou Leap.
THE EVIDENCE PRESENTED in Chapters 8 and 9 teaches
two lessons: (1) Selecting winning equity funds over the
long term bears all the potential success of looking for
the needle in the haystack; and (2) Selecting winning
funds based on their performance over relatively short-
term periods in the past is all too likely to lead, if not to
disaster, at least to disappointment.

Chapter Ten Seeking Advice to Select Funds? - Look beforeYou Leap. THE EVIDENCE PRESENTED in Chapters 8 and 9 teaches two lessons: (1) Selecting winning equity funds over the long term bears all the potential success of looking for the needle in the haystack; and (2) Selecting winning funds based on their performance over relatively short- term periods in the past is all too likely to lead, if not to disaster, at least to disappointment.

Seeking Advice to Select Funds?

To Paul A. Samuelson, professor of economics 
at Massachusetts Institute of Technology, 
Nobel Laureate, investment sage.
In 1948 when I was a student at Princeton 
University, his classic textbook introduced me 
to economics. In 1974, his writings reignited my 
interest in market indexing as an investment strategy.
In 1976, his Newsweek column applauded my cre-
ation of the world’s first index mutual fund. In
1993, he wrote the foreword to my first book, and
in 1999 he provided a powerful endorsement for my
second. Now in his ninety-second year, he remains
my mentor, my inspiratio

Arts

Books

To Paul A. Samuelson, professor of economics at Massachusetts Institute of Technology, Nobel Laureate, investment sage. In 1948 when I was a student at Princeton University, his classic textbook introduced me to economics. In 1974, his writings reignited my interest in market indexing as an investment strategy. In 1976, his Newsweek column applauded my cre- ation of the world’s first index mutual fund. In 1993, he wrote the foreword to my first book, and in 1999 he provided a powerful endorsement for my second. Now in his ninety-second year, he remains my mentor, my inspiratio

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Seeking Advice to Select Funds?

Seeking Advice to Select Funds?