Mar
12
“Even if they may be personally convinced that the markets they follow do not represent good value, the decision to stay in cash is personally risky for them. People don’t get fired for trailing the index by a point or two, but they do often if they miss a big rally.
That leaves most money managers with a perverse incentive; look like everyone else, take a few small bets away from the index you track and live to pay off your mortgage and fully fund your kids’ educations.” Patience is priceless, but doesn’t pay (CORRECTED) | James Saft | Analysis & Opinion | Reuters.com
That leaves most money managers with a perverse incentive; look like everyone else, take a few small bets away from the index you track and live to pay off your mortgage and fully fund your kids’ educations.” Patience is priceless, but doesn’t pay (CORRECTED) | James Saft | Analysis & Opinion | Reuters.com
