David Dreman: Gauging a fund by its three-year track record is nuts

Feb 23, 2005

David Dreman does not pick stocks this time. He is warning the public of financial advisors. He said that be careful if a financial advisor is talking about short-term fund record. According to Dreman, a 3-year fund record is nothing because it is shorter than the life span of a Wall Street fad. Investors can avoid the problem by looking at 10- or 15-year numbers. This is also why GuruFocus picks gurus based on long term track record.

http://www.forbes.com/columnists/columnists/forbes/2005/0228/110.html

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