A trusted competent advisor must provide the knowledge and insight necessary to chart an investment course for his clients – as well as the discipline necessary to keep them invested when markets get choppy. Moving away from the nautical metaphors I recently heard an advisor’s role compared to a pedestrian bridge over an eight-lane highway.
For anyone who wonders if Apple can maintain its creative edge and remain on top without Steve Jobs Bill Frezza a fellow at the Competitive Enterprise Institute and a Boston-based venture capitalist poses another simple question – Remember Polaroid?
Study after study confirms the same thing – passive investing beats active management.
Nina Easton’s recent article “Stop Beating Up the Rich” begins by quoting the French historian Alexis de Tocqueville who chronicled American society’s often contradictory pursuit of both equality and the almighty dollar.