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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Moominoid who wrote (11003)11/8/2001 9:21:58 AM
From: Mark Adams  Read Replies (1) of 74559
 
good performance attracts more funds

This is true on the face.

Yet I suspect using 12B-1 money to build assets under management through promotion easier than actually getting the stock selection right and growing assets organically. While enjoying a box of Krispy Kremes no doubt. Just my very cynical perspective.

Fund managers are only valuable if they have and use specialized knowledge- ie for BioTech I might rely on the management of HQH/HQL for stock selection since I'm not an expert on Biology or drug development.
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