All Hail Thomas Forester
There are apparently 8200 stock mutual fund managers in the US of A. Last year 8199 of them lost money, at an average clip of 39%. Not Thomas Forester of the Forester Value Fund though, He returned + 0.4% making him a god among men. His secret? Avoid stocks and hold cash. Of course that strategy made his fund under-perform relative to the S&P 500 in 2005, 2006 and 2007.
The full story is here.