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The Case Against Professional Money Managers - Why They Are Ruining You
By Fred Carach


Not so long ago there were professional money managers who routinely delivered superior performance to investors and their all-important IRA and other retirement accounts. Those happy days are over with. The question is why?

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1
Yosako writes:

Subject: A pro's performance

It's funny. Most people take 20% or 30% returns as "professional performance" when even the worst piece of junk OTCBB stock can jump 400% or more after a couple months dipping below its previous all-time lows. And if you think about it, the reasons are obvious: if everyone is looking at blue chips and indexes, getting more than that 20% either means you know something no one else does, or that you're a luckbox.

Comment provided September 16, 2009 at 2:56 pm

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