atans1

More value in buying fund mgrs than their products?

In Uncategorized on 29/06/2010 at 6:52 am

PAUL SAMUELSON, the late Nobel laureate in economics, compared mutual funds to a saloon.

“I decided that there was only one place to make money in the mutual fund business, as there is only one place for a temperate man to be in a saloon: behind the bar and not in front of it,” he told Congress in 1967. It made sense to invest in mutual fund companies, Mr. Samuelson said, but not in mutual funds.

NYT article

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 206 other followers

%d bloggers like this: