Heard on the street:
There are the money managers who think they take cash only from the like-minded people. They are the eternal academic corporate finance bashers and the contrarian strategy embracers. They tell you how you can make money with low risk and beat every other guy. They write books, give presentations, create blogposts and websites, all to seek money from you with the premise of making you richer.
Why do they want others to make money? Do they want to change the lifestyle of the general public by telling them how simple it is to make money? What is their ultimate goal? They start their value investing fund, but seek money from others. Why? If they really believe in their abilities to identify good stocks and bonds using a low risk strategy, why do they need other people's money in the first place? We find their actions quite ironical, and that is why, quite tricky. Our guess is that they want to make money for themselves first, and if investors get wealthier, it is incidental; or worse is that they get their fees irrespective of their performance. We don't find that charitable.
There are others who similar to value investing money managers follow their philosophy. They are good storytellers. They try to connect with you with their so-called simplicity, contrarian ideas, corporate finance bashing, trashing news channels, and other tactics. They make their case through blogposts, podcasts, presentations, and their own websites. A lot of stuff that they give is free, at least initially, and then after they feel that they have won over a reasonable number of the gullible, they slowly change their strategy to make it fee based subscriptions. Some of them develop their own private money management office and seek to manage money for the select individuals.
Aren't they a bit unethical? Doesn't their conscience hurt them when they make up those goodly stories about life and finance, borrowing quotes from others and repackaging them to public, and all that for money? The fact that they seek subscription means that they are probably pretty bad at what they preach. Most likely, they take advantage of those men and women who are ever dipped in their problems of life, and are always in the lookout of someone who can tell them nice little bedtime stories. They reckon, those lullabies would take them to somewhere else. Perhaps they are good at lullabies and babysitting. But, it does not make what they are doing is any good. Clearly, they are asking money for their stories.
Naturally, they also have a life. They cannot beat the market, how else can they clear their bills other than by seeking others' money?
These self-proclaimed experts are akin to shills. What can people do to safeguard their thoughts and cash? Better beware of them: caveat emptor.
There are the money managers who think they take cash only from the like-minded people. They are the eternal academic corporate finance bashers and the contrarian strategy embracers. They tell you how you can make money with low risk and beat every other guy. They write books, give presentations, create blogposts and websites, all to seek money from you with the premise of making you richer.
Why do they want others to make money? Do they want to change the lifestyle of the general public by telling them how simple it is to make money? What is their ultimate goal? They start their value investing fund, but seek money from others. Why? If they really believe in their abilities to identify good stocks and bonds using a low risk strategy, why do they need other people's money in the first place? We find their actions quite ironical, and that is why, quite tricky. Our guess is that they want to make money for themselves first, and if investors get wealthier, it is incidental; or worse is that they get their fees irrespective of their performance. We don't find that charitable.
There are others who similar to value investing money managers follow their philosophy. They are good storytellers. They try to connect with you with their so-called simplicity, contrarian ideas, corporate finance bashing, trashing news channels, and other tactics. They make their case through blogposts, podcasts, presentations, and their own websites. A lot of stuff that they give is free, at least initially, and then after they feel that they have won over a reasonable number of the gullible, they slowly change their strategy to make it fee based subscriptions. Some of them develop their own private money management office and seek to manage money for the select individuals.
Aren't they a bit unethical? Doesn't their conscience hurt them when they make up those goodly stories about life and finance, borrowing quotes from others and repackaging them to public, and all that for money? The fact that they seek subscription means that they are probably pretty bad at what they preach. Most likely, they take advantage of those men and women who are ever dipped in their problems of life, and are always in the lookout of someone who can tell them nice little bedtime stories. They reckon, those lullabies would take them to somewhere else. Perhaps they are good at lullabies and babysitting. But, it does not make what they are doing is any good. Clearly, they are asking money for their stories.
Naturally, they also have a life. They cannot beat the market, how else can they clear their bills other than by seeking others' money?
These self-proclaimed experts are akin to shills. What can people do to safeguard their thoughts and cash? Better beware of them: caveat emptor.
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