Letters to Our Clients
The world is full of stock traders. They firmly believe that they can trade stocks and create unlimited wealth for themselves and their families. These traders could be your neighbor, your co-worker, your physician, your lawyer, and even your CPA. But traders can also include professionals entrusted to take care of other people’s money. They are mutual fund managers, managers of pension plan assets, managers of separate accounts, and hedge fund managers, many of whom you would think know better.
Kendall J. Anderson, CFA