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Oppenheimer Holdings Inc. Message Board

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  • jonathanjon5656 jonathanjon5656 Dec 6, 2011 6:35 PM Flag

    Next time, don't Waste your MONEY !

    lol. You're very funny. Why do you need an elaborate analysis for an article that was brief and which made a simple point ?

    That is, when the markets fell steeply months ago, one could've bought shares , on one's own, of an index, such as SPY or EFA . . . and simply waited for the markets to recover, to sell and make a profit.

    However, many money managers had recommended to their clients stocks that did not recover as the markets rebounded, and so those investors lost out BIG time, both in terms of the performance of the stocks in their portfolio, and the high commissions charged by their money managers.

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    • I am just struck by the ubiquity of the observation that managers underperformed the index.

      But since studies have found that 135% or 5 out of 4 members who post links from CNBC don't understand fractions, I am not surprised that you would read a 4 page article based on a single statistical "fact" without questioning it's validity.

      Furthermore, according to CNBC, 97 studies have shown that when journalists report accurate numbers, they aren't any more useful than ones made up!

      Its a great article and it ends with Albert Einstein's quote: "the greatest thing about the internet, is that you can quote something and totally make up the source."

      Simple enough for yah??

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