Do not think FF must be good.
I would say the speaker look too high on them.

Why people always have high regard on them? Because they come with big bullet and aggressive, which when they move, they move in big which send the market sky-rocketing and market surge for some period of time almost non-stop.

Every fund managers's account is not transparent, nobody knows whether their goreng is successful earn them money everytime. They could fail to goreng up and stuck with it which is quite norm. Every years there are plenty of hedge fund doing superbly but there are some funds closing down.

If everyone of them (FF) are indeed that good, we won't have this financial crisis which those financial expert bring down 100 years old history financial instituition.

Also don't look down on EPF and PNB, they are not dump too. They are the sellers as well during last bull market.

Every goreng start and come with different pattern, you cannot forsee and predict accurately each time. It is like chess game, you can start your pawn in various way. If not, everyone can guess it, and take advatange of it, by then their goreng won't be successful.
Theory always sound easy, real trade and real world is not that simple that must be this and that. It is just like a chess game.
If you try to predict what opponent will be doing, your chance of getting right is no different than hitting the lottery. Instead better concentrate on your strategy and tactic instead of thinking how other will move. See other move already, then adjust tactic and strategy according. Second guess what they will be doing is just wasting time only. It just like predict what you will eat to night, pizza, KFC, roti canai. 

Why we do investment based on fundamental? instead of goreng or short term trade?
Because we don't need to second guess how other or future what price other will be buying or willng to pay more price than currently. We just need the company make enough profit and give dividend to us.

The one we can know, is that most retailers like to chase after the stock after surging or greendish time, which they don't look back the stock has been rising 2x or 3x or even more, they just buy according to their gut and feeling good about the market time which goreng syndicate capitalised on.