Yep, that sounds about right

From Barry Ritholtz's amazing take down of Art Laffer of Laffer curve fame.

That the money losing OpEd page of the WSJ produces its most well read articles goes a long way in explaining one thing: Why 80% of money managers underperfom every year. Filling your head with Ideology, becoming a “magical thinker,” ignoring data, making up your own facts — these are a recipe for under-performing asset managers.

If I were to create a list of questions to ask potential managers of my money, one of them would be: “Do you read the WSJ OpEds?”

If the answer were yes, I would not walk but run in the opposite direction.