Why A Large Proportion Of Investment Specialists Are Not Trustworthy
A major story that made the rounds inside the financial media last month was Jim Cramers (of-the Street.com) statement that some hedge-fund managers spread false rumors about an organization to the media and large trading desks to drive a stock price lower. He said this practice is illegal, but simple to do 'because the SEC [Securities Exchange Commission, the U.S. regulatory body] does not understand it.' Moreover, the excessively wealthy former hedge fund manager featured, Whats essential when you are in hedge fund setting, says Cramer, is to not do anything remotely sincere, as the truth is really against your view.
For anyone of you that remain skeptical regarding the fraudulent practices of investment experts and organizations, maybe an associates admission may finally tell you. To compare more, people can look at: high quality link emperor reviews. Is beyond me why these stories also make big headlines. As Ive been saying for a long time that the investment industry is high in investment specialists, everyone from economic consultants to private wealth managers to professional money managers, hard at work weaving the emperors new clothes, a former industry insider myself. But, only once a huge mouth like Cramer speaks of the dishonesty that netted him great success does it attract attention.
For those of you unfamiliar with the fable The Emperors New Clothes let me review it for you. Way back when in a kingdom, there lived an emperor whose vanity was renowned. If you know anything at all, you will certainly need to compare about understandable. Two swindlers, Guido and Luigi Farabutto, knew they could capitalize on this emperors character flaw to make a large pro-fit. They approached the emperor and told him that they'd sew him the finest suits of an extremely expensive special cloth that would be invisible to anyone that was ridiculous or of low character. The emperor, fearing he would not be able to see the clothes, sent two of his men to go see the matches. Browse this web page look into link emperor to discover the inner workings of it. The men came ultimately back, and afraid to share with the emperor they couldn't see the garments, told the emperor the suits were the most beautiful suits they had ever seen.