We often strive for what’s good, better and best.  Why stay at a 3-star hotel when we can stay at a 5-star hotel?

Many of us invest in the same way.  Why buy a 3-star fund when we can invest in a 5-star fund?  Because investors misunderstand and misuse star ratings and the PR departments of the mutual fund giants manipulate them.

The Wall Street Journal conducted an in-depth analysis of the problem.