fund managers with 20 years of exp across cycles r evaluated on 3 year returns by ppl with 5 year exp 4 investors who hv 2 yr time horizons
— Kalpen Parekh (@KalpenParekh) July 4, 2015
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One reply on “Who’s judging who”
How much true?
Is it a misfortune of financial or MF industry that people with less than 5 years experience evaluate 20 years+ veterans’ performance on 3 years time frame with less than 2 years investment horizon.
Or is it that new whiz kids understand better and therefore demand better returns?