Failed Record Of Wall Street’s “Top” Strategists Documented By Independent Economist

For wealth managers who believe the most prudent path to investment success is broad diversification, periodic rebalancing, and choosing low-expense investments — while relying on the precepts of Modern Portfolio Theory — some good news: a scorecard from an authoritative, independent source documents the failed record of Wall Street’s top ranked strategists at picking the best and worst industry sectors. Read the rest of the post.