“I'm making a case against how money managers are handling customers' money. The objective of the customer is not being met if the fund managers are diversifying their assets into hundreds of businesses. If they do this, they are typically performing close to the indexes. But that's not the way wealth is created.” IfsWayWealthCasesMetsCustomersObjectivesManagersPerformingFundAssetsBeing Me Author:Michael Lee-Chin
“The difference between fear and panic is knowing what to do. If you have a reliable, effective solution then fear is an asset. You know what to do and fear just makes you do it faster. On the other hand, if you don't know what to do - or don't trust what you know - then you will freeze in terror, because you have no clear goal or way to get there. Fear helps, panic hinders. Fear is your savior, panic your nemesis.” IfsKnowsWayHelpingHandsGoalDifferencesKnowingClearSolutionsTerrorFasterAssetsSaviorPanicFreezeDon't TrustHinderNemesisKnowing What To DoClear Goals Author:Marc MacYoung