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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (55050)	4/7/1999 9:31:00 PM
From: Skeeter Bug	Read Replies (1) of 132070

>>3. The Finance Dept. at Wharton, which mismanaged the money in the Penn endowment until the alumni screamed for their heads. Of course, they were also fine tuning MPT while losing the money.<< ho ho ho ho. mike, the knowledge gap here is obvious. one person takes personal responsibility for their belief system, continuously tests it against reality, continuously learns new things and lives an exciting life. the other sits back, takes no responsibility for anything and refers others to other people for the ultimate authority is his life. some people can't make up their own minds nor do they trust themselves. they live life relying on others. those types are risk averse. there can be no balance.

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