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Return of the stockpickers

from Barrons

When John Templeton said, “The time of maximum pessimism is the best time to buy,” he probably wasn’t thinking that his tenet might one day refer to his own industry. Yet, for active mutual fund managers, 2014 was a point of maximum pessimism. While the Standard & Poor’s 500 returned 13.7 percent for the year, stockpickers struggled to keep up. more

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