James Klempster: The best new fund of today is the same old fund

I received an email a day or so ago from Apple trying to sell me the new iPad. Tech sales are interesting because, in essence, the purveyor of the object you bought from them all too recently is informing you that it is now a little bit obsolete. Sure, it still works reasonably well, but the newer version is incrementally better in every way.  A little bit more powerful, a slightly better camera, slightly lighter and so on. Your view on the merits of this as a consumer are, of course, a matter of personal taste (and probably prosperity). But there are plenty of otherwise abstemious indiv...