All-Star Managers Fail to Make This Year's Cut

J.P. Morgan Sr. was once asked for a stock market prediction. "Prices," the great banker replied gravely, "will fluctuate."

Even in an uncertain world, you can count on some things. Welcome to TheStreet.com's newest column. I'll be writing here about mutual funds, exchange-traded funds and other investment products -- and about the highly paid people and companies who manage them.

While the column has just been launched, I can already predict many of the stories I will be writing in the months and years ahead. Otherwise intelligent and professional people doing really stupid things with your money? That's a given. Along with "experts" getting caught out by events -- again. ...