Baseball and mutual funds; Underrated/overrated stats
Make sure to look at a fund's dollar-weighted returns, which reflect the returns its investors actually achieved. “For example, a tiny fund can have a great year, be showered with cash from its investors, and then have a string of bad years.
Likewise in baseball, be wary of “one-year wonders, even if the one year was a blowout,” Jacobs says. College baseball players have longer, more meaningful track records than those coming straight out of high school.
(Photo: SD Dirk)