Asked by dddiii

Jim is a financial analyst with many large investment clients. Each year Jim identifies ten different mutual funds that he shares with his clients for investing. At the end of each year he keeps the funds that performed better than the ten-fund average and replaces the others with new funds.

Answered by Ken
The fact is that a broad mutual that averages the whole market always outperforms all others over time.

I bet Jim's top 2 or 3 never change.
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