Burt Greenwald
Burt Greenwald
benefit confuse help people sort trained
Most people could benefit from the help of some sort of trained adviser, ... do more to confuse than help.
ads customer feed firm lawyers lost recover seen suits trying whether
Whether these suits have any validity is another question, but I think you're going to see more of them. I've seen ads saying, 'If you've been a customer of XYZ firm and lost money, you'll be able to recover it.' You'll see a lot of ambulance-chasing lawyers trying to feed off of this.
family fund funds stay within
If those funds have a good, long-term record, you can stay within a fund family.
assets building funds good mediocre stories unless
Building assets is very, very challenging unless you have a good story to tell. There are a lot of funds out there with mediocre stories to tell.
against begins confidence public work
Anything that suggests the possibility of favoritism really begins to work against the public confidence,
companies conflicts home perceived problems selling
These companies have to get out from the real and perceived conflicts of selling home-cooked funds. This solves a lot of problems for Merrill Lynch.
century fund power
American Century has relented, which demonstrates the power of no-load fund supermarkets.
build everybody
Everybody is scrambling to build alliances and set up distribution channels.
hours manager nose pick portfolio watching
It's like watching a peep show. Do you want to watch a portfolio manager pick his nose 24 hours a day? It's a gimmick.
break crowded funds trying
The funds are trying to break out from a very crowded marketplace.
ability pick stocks
the ability to pick stocks is the important criteria.
bucket cold expect investors realistic terms thrown water
Investors are going to have to be much more realistic in terms of what they expect in returns. They're getting a bucket of cold water thrown on them.
All of them better look to this kind of disclosure.