Why The Vast Majority Of Investment Professionals Are Not Trustworthy
A big story that made the rounds in the monetary media last month was Jim Cramers (of-the Street.com) statement that some hedge fund managers spread false rumors about a business to the media and large trading agents to drive-a stock price lower. He explained this practice is illegal, but simple to do 'because the SEC [Securities Exchange Commission, the U.S. Browsing To purchase link emporor likely provides suggestions you can use with your brother. Identify further on an affiliated article directory by clicking your link emporer. regulatory body] does not understand it.' More over, the exceptionally rich former hedge fund manager boasted, Whats essential when you're in hedge fund style, says Cramer, is to not do anything remotely honest, because the fact is so against your view.
For all those of you that remain skeptical regarding the fraudulent techniques of investment experts and organizations, perhaps an insiders entry may finally persuade you. Why these stories also make big statements is beyond me. As a former industry expert myself, Ive been saying for many years that the investment industry is high in investment professionals, everybody from economic consultants to individual money managers to professional money managers, hard at work weaving the emperors new clothes. However, only when a big mouth like Cramer speaks of the dishonesty that netted him great wealth does it attract attention.
For those of you unfamiliar with the fantasy The Emperors New Clothes allow me to summarize it for you. Sometime ago in a fabled kingdom, there lived an emperor whose vanity was renowned. Be taught more on this partner wiki by visiting http://www.linkemperor.com. Two swindlers, Luigi Farabutto and Guido, knew they can capitalize on this emperors character flaw to produce a huge pro-fit. They approached the emperor and told him that they'd sew him the finest suits of an extremely high priced special material that would be invisible to anybody that was stupid 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 suits. The men came back, and afraid to share with the emperor they couldn't start to see the clothes, told the emperor that the suits were probably the most beautiful suits they'd ever seen.