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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: SeaViewer who wrote (13464)10/14/2004 3:01:10 PM
From: Tommaso  Read Replies (1) of 116555
 
I don't know. I do know that I watched in horror some years ago as a chapter of Phi Beta Kappa voted to "let the investments grow" instead of increasing distributions from a scholarship fund. They seemed proud of how big the fund was, not what was being done with it.

State employees retirement systems have lost countless billions and in some cases are trying to sue the "managers" and "advisors" to recover losses.

Same old same old: the madness of crowds.
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