Surprised?

Was the New Year's crash in financial markets a surprise, or just a natural correction after such great rewards over the previous five years? Your investment performance will provide an unambiguous answer. Checking up on the professionals may make you feel better. All the Active Managed funds that outperformed their peer group have suffered losses of between 5% and 15% so far this year. The skill of a good manager lies in making above-average returns in the good times, while only suffering below-average losses in the bad times. Simply acting defensively throughout requires no genius, an...