No. of Recommendations: 1
[TMF] had two portfolios. I think it was rule makers, and rule breakers. We had the 90s boom, and they very proudly showed how they were beating the market. Then we had the .com crash and they started trailing the market.
What did they do? They stopped publishing their results and claimed there was some problem with their data provider.
Actually, no. They closed them down saying that the portfolios did not work after the tech boom ended. I remember reading that at the time.
That's what all these stock-picking services do. And mutual fund families. Create a number of different portfolios and silently fold the ones that didn't succeed.
The Motley Fool ended up doing what they railed against then they started up.
