The comment didn't include a good metric of whether the author knows what he is talking about. How do his funds perform in bad markets? That is an important pa

The comment didn't include a good metric of whether the author knows what he is talking about. How do his funds perform in bad markets? That is an important part of diversifying a portfolio. Funds that outperform the market in good markets are likely to fall even more than the rest of the market in downturns. It doesn't matter if you make out like a bandit during a boom if you aren't able to preserve much of that accumulated wealth.