MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, October 22, 2007 Pearls of Wisdom Harvested After the '87 Crash Dot Today's Fund Track In today's WSJ FundTrack, mutual fund managers offer Daisy Maxey some words of wisdom formed following the stock market crash of 1987. Some lessons highlighted are: "value of independent judgment, the difficulty of predicting stock-market disasters, the need for contingency plans, the importance of educating investors and the fallacy of financial silver bullets." Brian Posner, chief executive and co-chief investment officer at ClearBridge Advisors, part of Legg Mason, warned that some strategies once seen as a way protect investors from loss, turned out to only have exacerbated the losses. Printed from: MFWire.com/story.asp?s=16173 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |