In your interest.
Online Personal Finance Magazine
No beating about the bush.
He is being compared with Warren Buffett, has made $1 billion last year and is only 45
At 7.30 in the evening on Friday, 10th January 2003, successful value investor Edward Lampert was leaving his office when he was kidnapped by four people from the parking lot. They took him to Day’s Inn Motel, bound him in the bath tub, called Lampert’s wife, Kinga, playing a tape of his voice and demanded...
Active vs passive fund management is not the issue. It is whether you can stick to whatever you have chosen when the going gets tough
A few issues ago, we highlighted a study by a US research firm Dalbar Inc. which underlined the fact that while funds earn a return that is reflected in the change in their net asset values (NAVs), the average investor makes much less money than the NAV change...
In our last issue, we highlighted the first three of the seven sins of fund management, as described by James Montier, Global Equity Strategist with Dresdner Kleinwort Wasserstein. Here are the other four, starting with the biggest problem with the fund management business -- the assumption that a fund manager can out-smart the market.
Sin 4: Thinking you can out-smart everyone else (Envy)