Whether these suits have any validity is another question, but I think you're going to see more of them, ... I've seen ads saying, 'If you've been a customer of XYZ firm and lost money, you'll be able to recover it.' You'll see a lot of ambulance-chasing lawyers trying to feed off of this.
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the ability to pick stocks is the important criteria.Burt Greenwald
It's like watching a peep show. Do you want to watch a portfolio manager pick his nose 24 hours a day It's a gimmick.
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Investors are going to have to be much more realistic in terms of what they expect in returns. They're getting a bucket of cold water thrown on them.
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Building assets is very, very challenging unless you have a good story to tell. There are a lot of funds out there with mediocre stories to tell.
Burt Greenwald
Everybody is scrambling to build alliances and set up distribution channels.
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