In your interest.
Online Personal Finance Magazine
No beating about the bush.
This is the story of what is probably the worst equity fund in US history. In 1939, Charles Steadman started his stock fund. The fund consistently reported bad performance. The other three funds created by Steadman also performed miserably over the long term. However, when it did well sporadically, it attracted money. Then, losing periods took over. Steadman had the unique ability to lose...