This is why smaller hotshot funds usually blow up after they get larger, because the manager actually begins to believe his own PR department that advertises him as an expert stock picker.While I agree the funds that get wildly popular have a difficult time maintaining their returns when they get very large, it has little IMO to do with ego and much more to do with restrictions on how much of a company they can buy shares. Unless you are Warren Buffet with the ability to buy whole companies, a fund becomes forced to buy larger and larger companies, avoiding the smaller ones. The smaller are just too much work for the small amount they could invest without violating the fund's investing guidelines.Just because one is good at juggling oranges does not mean they will do as well if forced to juggle bowling balls.IP
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