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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Taro who wrote (260203)	11/15/2005 5:54:45 AM
From: Elroy	Read Replies (1) \| Respond to of 1572953

That rather "smart" guy taking care of your money for a fee also needs to be controlled and supervised 24/7. What in the world do you think Morgan Stanley, Goldman Sachs, JPMorgan, CSFirst Boston and 1,000s of other high net worth departments do? Nobody has to watch the "smart" guy who works at Goldman maintaining your $200 million account (and hopefully making it grow) - Goldman is liable for it, and Goldman will keep an eye on him. The rich $200 millionaire can check his statement once per year, and if Goldman is underperforming 3 years in a row, toss Goldman out and bring his $200 million account to UBS Warburg, and go back to the beach. It aint hard work being the rich guy. It's hard work getting there.