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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: TimbaBear who wrote (16843)	4/14/2003 5:57:52 PM
From: Madharry	Read Replies (2) \| Respond to of 78659

I believe the turning point will come when shareholders stop putting money into stock funds and I believe that day is coming very soon. I am very concerned when CEOs and Boards have so much control that it may even be more risky than it used to being a bond investor. It is seeming to me that CEOs of companies have less and less hesitation about filing for bankruptcy as long as they are protected and most of them are. After that the companies who have been prudently managed now have to compete with companies operating in bankruptcy, who seemingly care little about making profits just about generating sufficient cash flow to pay the salaries and keep the post bankruptcy creditors happy. I no longer have confidence to recommend any mutual funds to anyone for their IRA money. How does the rest of the board view this? When major corporations shield their debt, manipulate their inventories, and significantly underfund their pensions, how does one invest long term? I really believe that if pension managers or even small investors sat on these boards this stuff just would not be happening.