| Do you believe in the Stars? Part 2 |
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| Written by Wilfred Ling | ||||||
| Sunday, 24 August 2008 | ||||||
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"During the period 1993-2000, the total return on {rating agency name deleted}'s top-rated U.S. funds averaged +106%, vs. +222% for the total stock market (the Wilshire 5000 Equity Index). What is more, these funds carried a relative risk (measured by standard deviation vs. the total market) of 1.26. Achieving but 48% of the market’s generous reward while assuming 26% more risk is hardly a tribute to the staying power of the stars" - John Bogle of Vanguard http://www.vanguard.com/bogle_site/sp20010215.html
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