Originally Posted by
SailorRob
It's very difficult to find a good fund manager, the better advice would be to buy a low cost index fund. That way you'll beat almost all fund managers.
Also, if you find a 'good' fund manager, likely they wont be good in the future. Often the best returns over the last 10 years mean the next 10 are poor.
Well done on the Pearl company, but is this investing or speculation? This is the reason for the difference in outlook. They are two very different things.
This is not just speculation, it's speculation in Australian microcaps. A notorious place where few emerge intact.