I've been reading a bit about investing for several years now. It's more of a hobby than a true pursuit for me. One thing I've noticed lately is the name dropping of fund managers. It's almost like they're quarterbacks. "So-and-so has been at the helm for x number of years...." and "This is a great investment, but you'll have to make sure that Mr. Y stays there..." Honestly, I'm envisioning some sort of Fund Managers' Hall of Fame and trading cards.
Are the financial journalists just looking for something to write about? Or is this something I should honestly be paying attention to?
2007-02-21 09:40:30 · 3 answers · asked by jjo 2 in Business & Finance ➔ Investing
If you're in charge of a major corporation, this is important stuff and deems the excitement! Other than that, it's just reading that is spiced up a bit for the "normal" citizen. I agree though, it is similar to the sports section. Thanks for the laugh.
2007-02-21 09:44:32 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It is not a new thing.
The first Super Star Fund Manger I read about in the 1980's was Peter Lynch.
He headed the Fidelity Magellan Fund as he was a ROCK STAR of fund managers.
The Media always picks some one as the spokesperson for a topic. Sometimes this is warranted, sometimes not. But Peter was an above average manager for decades.
Then after you have the model and that person retires/quits a void is left and it will be filled.
Years ago I heard a sports commentator say that if Shaquille O'neal hadn't come along when he did the media would have to create him.
2007-02-21 09:53:39 · answer #2 · answered by Ronatnyu 7 · 0⤊ 0⤋
There are over 15,000 mutual funds in the universe. Most funds have someone calling the day to day investing shots i.e. fund managers. Frankly, 80% of fund managers and their picks under perform the market in general. 20% do better year after year. Star status is received because they have consistently done better than their peers. They are the Michael Jordan's in their profession. They can be counted on making the most for your investments. And like Michael, they can have a slump every now and then, but in the end, they will simply be on top of their game more consistently overall.
Suggest you go to mutualfundstore.com & mutualfundshow.com for great info. Also suggest a book "The Bold Truth About Mutual Funds" by Adam Bold. His whole philosophy about investing in mutual funds and fund managers has made me money. Check it out! Good luck.
2007-02-21 11:19:49 · answer #3 · answered by philsky 2 · 0⤊ 0⤋