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Jaffe: Investing Is a Lot Like Playing the Ponies

The Wall Street Journal
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June 06, 2014 AT 10:43 AM
Marketwatch's Chuck Jaffe explains how excitement over California Chrome’s run for horse racing’s Triple Crown is a reminder that investing, in its own way, is a gamble, and that picking a mutual fund is remarkably similar to picking the ponies. Photo: Getty Images.