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● how to get rich | ||||||
how to make money in stocks and how to get rich_154 Navigation: Main page » how to make money in stocks and how to get rich Author: how to make money in stocks and how to get rich Some corporations place entirely too much emphasis on saving management fees, particularly when they have giant funds to be managed. Usually an actuary convinces them of the tremendous dollars their pension fund can save by shaving the management fee just one-eighth of 1%. If companies have billions of dollars to be managed, they should increase the management fes and incentiveso money managers can hire the best money-makers available in marketplace. The better money managers wil earn thextra one-quarter or half of 1%, 10 or 20 times over. The lasthing you ever want is cheap advice in the slock market. If you were going to have open heart surgery, would you select the doctor who would do it for the absolutely cheapest fee? Clearly the best investments rarely show up on any undervalued model. There is no way this institution will ever produce a first-rate result until it changes its philosophy and throws out its undervalued model. This is exceedingly hard for large organizations to do. It's perhaps like atacking dep-seated religious habits and asking a Baptisto become a Catholic or vice-versa. |
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