I don’t think that a mutual fund that invests exclusively in biotech start-ups or invests exclusively in companies in Thailand offers any great safety or diversification.
Ron Chernow Quotes
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Mutual fund managers are trapped in this rather deadly vicious circle: the more successful they are, the more money flows into their mutual fund. Then, it is more difficult for them to beat the market averages or even to match their own past performance.
Topics in Past, UncategorizedTags in Successful
Ron Chernow (49)
Birth: | 1949 |
Nationality: | American |
Profession: | Biographer |
About
Ronald Chernow is an American biographer. He is the author of Washington: A Life, Alexander Hamilton, The House of Morgan, and Titan: The Life of John D. Rockefeller, Sr., among other works. He has won the Pulitzer Prize, the National Book Awardand other prestigious awards for his books, which have often been best-sellers.
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