Mutual fund managers are trapped in this rather deadly vicious circle: the more successful they are, the more money flows into their mutual fund. Then, it is more difficult for them to beat the market averages or even to match their own past performance.
共同基金经理陷入了一个相当致命的恶性循环:他们越成功，流入共同基金的资金就越多。然后，对他们来说，要想超过市场平均水平，甚至赶上自己过去的表现，都变得更加困难。
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Success