This article originally appeared in The Times (London), 16-17. Reprinted with the permission of Clip Share, a newspaper licensing agency.
Dedicated Followers of Fashion Can Look Silly
By Mark Atherton
The Times
May 2008
Chasing short-term returns can prove a costly mistake for fund investors. Results from a UK study indicate that investors under perform the market by as much as 4 percentage points per annum.
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