What does it take to be named the best portfolio manager in the business?
Some commentators point to those generating the highest returns as deserving of this crown. However, managers might be at the top purely because the markets they invest in went supernova and they eked out a little bit more than the index, or just hugged it.
That would indicate good fortune more than ability. In a world where everything can be tracked and packaged into an exchange-traded fund, this kind of portfolio manager is not particularly enticing.