Describe the two questions that an investor should consider when evaluating the investment performance of a portfolio

Question:

Describe the two questions that an investor should consider when evaluating the investment performance of a portfolio manager. What tools are available to help the investor answer these questions and what is the most important feature that these tools should possess?

Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...

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