Thanks golfgal! You have some good insight but I wonder about this: “The market always beats the managed funds”. What you say is generally true but not always so. For instance, Janus Overseas has consistently whipped its index (MSCI EAFE) over the last 10 years. Cheers.
Beatus ille qui procul negotiis … paterna rura bobus exercet suis, solutus omni fenore….. Horace
