VMany fund managers are good storytellers – a skill that is important in this profession. After all, a manager must be able to convince his customers of his investment ideas, which works for very few people by simply praying down numbers. A coherent “story” (the word has also become established on the financial markets) is worth a lot.
But good storytellers are not automatically good fund managers. Otherwise, what the men and a few women regularly do would have to work. At the end of their stories, it usually boils down to the following conclusion: In good stock market times, this is the self-assessment regularly, you rely on those stocks whose prices are performing particularly well, and in bad stock market times you avoid those stocks whose prices performed particularly poorly , An index fund (ETF), the natural enemy of every classic fund manager, cannot do this because it tracks the performance of a stock market barometer like the Dax one to one. A coherent story, isn't it?
. (tagsToTranslate) Eugene Fama (t) Michael Hasenstab (t) ISIN_DE0008469008 (t) Fund (t) ETF (t) Fund Comparison (t) Germany