links for 2008-08-28
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"Out of almost 2,100 diversified retail U.S. stock mutual funds that are open to new investors, just 17 have positive returns for both the past 12 months and year-to-date." Whoa. (via The Big Picture)
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Matt's feeling crotchety, but it's a productive, high-signal:ratio crotchety (nice discussion at hand)