You are helping your very rich aunt Molly decide where to invest her portfolio. She is planning to take a 10-year world tour after she

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You are helping your very rich aunt Molly decide where to invest her portfolio. She is planning to take a 10-year world tour after she invests the bulk of her portfolio. She thinks that picking a money manager is unimportant because she believes any professional money manager must be able to beat the market. She’s just planning to pick a professional money manager at random. What do you tell her?

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Fundamentals Of Investments Valuation And Management

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