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?

 


wealthbar special deal for andrew hallam readers

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.

You may also like...

Leave a Reply

By commenting you confirm you have read and that you agree to the conditions on the Legal Page; including the Privacy Policy, the Cookie Policy, and the Comments PolicyFor your privacy we strongly recommend you do not use your real name. While your email address will not be published, your email may reveal your photo or a recognizable image if it is associated with gravatar.com . It is strongly suggest you do not use a corporate or ISP email address. We reserve the right not to publish comments that do not meet guidelines. Published comments will not be deleted.