Many of the promoted funds didn't last for 10 years because they were that poor in performance.
I remember those books. I think a successful manager is going to be very active in getting information about stocks and equities to keep slightly ahead of the markets and get lucky sometimes. I think the money tree was from selling the stock tips books:)
http://www.moneysense.ca/save/investing/remember-when-fund-managers-were-rock-stars/
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