A
warning to all investors, concerning the conduct of banks, brokers,
analysts and mutual funds, which might be of interest to anyone
disturbed by incessant scandals in the financial industry, together
with some suggestions as to how it should be possible to improve
investment performance by investing for the LONG TERM only,
without using the services of any of the above.
Students of the Bible
will recall the difficulty of finding ten honest men in Sodom and
Gomorrah ( Genesis. 18 : 32 ).
In view of alleged gross irregularities at certain banks,
it seems that this might have been an easy task compared with that
of finding ten honest men among the investment banking community
of Wall Street.
Owing to these alleged
irregularities, involving important Wall
Street banks, the following profiles of four prominent American
businessmen might be of interest to investors.