How To Measure The Performance of A Mutual Fund?

[This post is written and copyrighted by FIRE Finance (http://firefinance.blogspot.com).] While browsing through the archives of Vanguard's Plain Talk on Investing Podcast series we came upon an interesting podcast that explains ways to measure a fund's performance. In this podcast, Joseph Brennan, principal in charge of Vanguard's Portfolio Review Group, explains how to measure a fund's