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


To: Tommaso who wrote (94553)2/19/2002 3:15:32 PM
From: Knighty Tin  Read Replies (1) | Respond to of 132070
 
T, The Prudent Man Rule guarantees a lack of actual prudence. It reminds me of a boss who didn't like the small cap names I was recommending as an analyst: "you will never get sued or fired for recommending IBM, even if it goes to zero. This OTC crap is going to get you in all kinds of trouble."

I didn't get in trouble and IBM did put his theory to the test, but I see his point. Not getting sued or fired is the number one priority in the financial services area.