Tilted Cat Head
Administrator
Location: Manhattan, NY
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The very idea that the fund managers and analysts say things like buy and sell, and then package and market those to the masses, well I'm still not sold.
The general populace is not that educated in lots of things and just goes with what seems to be a trend. Look at the pharmaceutical business and the advertised meds and ask around. People take things just because they ask their doctor and their doctor says, "Sure, I don't see any negatives to your request" and fills out a prescription a majority of the time.
Fund managers don't just make their money on their holdings, it's only a small percentage. They make money on YOUR transactions too, if you buy or if you sell, which is the bulk their income.
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I don't care if you are black, white, purple, green, Chinese, Japanese, Korean, hippie, cop, bum, admin, user, English, Irish, French, Catholic, Protestant, Jewish, Buddhist, Muslim, indian, cowboy, tall, short, fat, skinny, emo, punk, mod, rocker, straight, gay, lesbian, jock, nerd, geek, Democrat, Republican, Libertarian, Independent, driver, pedestrian, or bicyclist, either you're an asshole or you're not.
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