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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (42004)	3/29/2011 2:13:22 AM
From: Paul Senior	2 Recommendations Read Replies (1) of 78717

Madharry, couple of points: I distinguish between fund manager and investment manager. If someone hires an investment manager because they don't have the skill set or inclination to manage money themselves, the job of the investment manager as I see it is to manage monies with an appropriate and agreed upon risk level for the client. It's not the job of such an investment manager to continuously (year after year) beat the market. It's to help shepherd the client's money so that the client can achieve financial goals within an appropriate and agreed upon risk. Of course in the good times, when the market is up, young family members want to "invest" - everybody's doing it and it's so easy (e.g Barbra Streisand is quoted in Fortune giving her investment tips)- well then, the investment manager is history if he/she can't at least beat the market, no matter what kind of investing or desired results were agreed on previously. Yes, there were people on this thread who invested with Mike Burry. I know of one person who told me his family made a substantial investment.

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