Hulbert and 36 years of lessons

The Hulbert Financial Digest last week announced it was shutting down after 36 years. Losing the only meaningful tracking of investment newsletters is sad indeed. In many ways Mark Hulbert’s Digest was like having the S.E.C. overseeing the mutual fund industry.  Mark couldn’t find the bad apples, but he could alert readers to the newsletter’s real returns, as opposed to …