... Figure 10-1.What I’ve plotted is the performance of the 2,404 domestic large-capfunds in 2000. Notice the enormous amount of scatter in fund per-formance for that year—310 funds gained more than ... 2000, 1982 and 1983 were good years for Fido, particular-ly for a 30-year-old manager named Michael Kassen. His SelectTechnology Fund returned an amazing 162% for the one-year periodending June ... it’san excellent exampleof the dangersofchasing performance, because of thetendency for asset classes to“mean-revert,” that is, to followgood performance withbad,and viceversa.Watching the Cookie...