Mutual Fund managers versus James Bond, in Casino Royale

Of course James Bond was the best poker player in Casino Royale.

The guy can do everything: win fistfights, survive gunshot wounds, woo an otherwise engaged woman to bed.

But The Economist has dared to report how realistic talent can be, when playing poker. Don’t burst my bubble. I want to believe that talent is associated with Poker players. I want to know that James Bond’s exploits in Casino Royale were believable—at least with the cards

Fortunately, according to the Economist’s findings, they are: Past performance indicates future performance, when related to this sort of gambling. But The Economist suggests that the same can’t be said for mutual fund managers.

That, however, doesn’t surprise me.

Besides, wouldn’t you rather see Bond fight a cagey poker player than a mutual fund manager who can’t fight his way past an index?


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Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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