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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: re3 who wrote (68251)9/26/1999 7:53:00 PM
From: Knighty Tin  Read Replies (3) | Respond to of 132070
 
Ike, I still think there is no substitute for a brilliant and motivated portfolio manager investing for the best return possible. Unfortunately, few are brilliant, most are unmotivated, and the few that meet both of those criteria often have their hands tied by the more pedestrian poobahs of the investment world. In all honesty, a portfolio manager who greatly outperforms the market scares the investment co. powers that be nearly as much as a manager who couldn't beat eggs. The quantitatively educated morons fear anyone or anything out on the far reaches of their little bell curves. <g>

You also have a real problem with motivation. Once a manager outperforms for awhile and makes a ton of money, what motivates him to put in long hours to beat the market? When he could be on his yacht with his new trophy wife or his expensive mistress?