When analysing and selecting fund managers, consistency of performance over all time periods may be all but impossible but, writes John Husselbee, consistency of process is an absolute necessity
If ever you are asked to source a quote - be it in a pub quiz or professionally - answering "Shakespeare" or "The Bible" will be right a decent amount of the time. Indeed, the quote at the heart of this...
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When was the last time you reviewed your processes?
What life memory would you choose?