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Good argument and I agree with you, but by my point is more focused on recent actions in regard to the socialization of risk and privatization of reward. My com
by pxlpshr 18y ago
Good argument and I agree with you, but by my point is more focused on recent actions in regard to the socialization of risk and privatization of reward. My comment aside, I definitely appreciate the value of honest financial gurus.
To your point re: the principles of capitalism, US is still very young and most institutional investments funds are not top performers longer than a few years. They are NOT the best for picking long-term winners, ultimately their criteria is governed by a 5-10 year exit. Let's not carelessly forget where capitalism can get it wrong — self-interest has done plenty of harm in man's time.
What concerns me is that many of these "managers" are now on the 'creation' end of the "solution".