Finance Professor Ken French gives two reasons why it's hard to know who the next star fund manager will be: firstly, returns on securities are volatile and difficult to predict, which is why they're traded; and secondly, every other investor is looking for the next big name too, and as soon as they are found, money floods in and their expertise is diluted.
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Many people insist they can pick the next star #investment manager, but the reality is different. Ken French explains why. #wealthadviser http://bit.ly/1Gwf7bc
Many people insist they can pick the next star fund manager, but the reality is different. Why? (1:06 video)
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Passive investing is favoured by financial commentators
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