Comments on: Do you need an Investment advisor? http://www.subramoney.com/2009/10/do-you-need-an-investment-advisor/ Personal Finance Sun, 12 Feb 2012 07:29:12 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Ranjan Varma » SubraMoney: Commoditising “Ideal Portfolio” is Wrong http://www.subramoney.com/2009/10/do-you-need-an-investment-advisor/comment-page-1/#comment-1840 Ranjan Varma » SubraMoney: Commoditising “Ideal Portfolio” is Wrong Mon, 26 Oct 2009 05:36:24 +0000 http://www.subramoney.com/?p=2379#comment-1840 [...] should answer this, correct? My Note: A few that I liked: Archive for National Pension Scheme (NPS) Do you need an Investment Advisor? Financial Problems: How to [...] [...] should answer this, correct? My Note: A few that I liked: Archive for National Pension Scheme (NPS) Do you need an Investment Advisor? Financial Problems: How to [...]

]]> By: Dr Mohammed Ali Khan http://www.subramoney.com/2009/10/do-you-need-an-investment-advisor/comment-page-1/#comment-1718 Dr Mohammed Ali Khan Wed, 07 Oct 2009 19:04:18 +0000 http://www.subramoney.com/?p=2379#comment-1718 WB is rarely wrong.. Or did we misunderstand him ? Did he really mean the average wall street broker who recommend frequent trading and the portfolio-churning fund manager? I got this quote as a standalone in some website which listed all the WB quotes.. I could not get the reference regarding the context in which he uttered this quote.. WB is rarely wrong.. Or did we misunderstand him ? Did he really mean the average wall street broker who recommend frequent trading and the portfolio-churning fund manager?
I got this quote as a standalone in some website which listed all the WB quotes.. I could not get the reference regarding the context in which he uttered this quote..

]]> By: subra http://www.subramoney.com/2009/10/do-you-need-an-investment-advisor/comment-page-1/#comment-1716 subra Wed, 07 Oct 2009 13:37:12 +0000 http://www.subramoney.com/?p=2379#comment-1716 Violently disagree with WB on this point. Like Benjamin Franklin said the "Most important enemy of the investor is the investor himself". A good adviser can put numeric value to the goals and set the path. A portfolio manager can do a decent job of portfolio construction. The customer has to know how to use an adviser. I have interacted with many brilliant portfolio creators. My own stock market performance (helped by a guy who likes anonymity) is a 3-4% out performance over a 30 year period. A combination is needed - good adviser, good stock picker and a client who listens. Not that such guys are easy to find. My stock picker stopped +ing clients about 11 years back :). WB does not need a planner, but how many investors know that WB is not a fund manager? Violently disagree with WB on this point. Like Benjamin Franklin said the “Most important enemy of the investor is the investor himself”. A good adviser can put numeric value to the goals and set the path. A portfolio manager can do a decent job of portfolio construction. The customer has to know how to use an adviser. I have interacted with many brilliant portfolio creators. My own stock market performance (helped by a guy who likes anonymity) is a 3-4% out performance over a 30 year period. A combination is needed – good adviser, good stock picker and a client who listens. Not that such guys are easy to find. My stock picker stopped +ing clients about 11 years back :) . WB does not need a planner, but how many investors know that WB is not a fund manager?

]]> By: Dr Mohammed Ali Khan http://www.subramoney.com/2009/10/do-you-need-an-investment-advisor/comment-page-1/#comment-1715 Dr Mohammed Ali Khan Wed, 07 Oct 2009 11:54:51 +0000 http://www.subramoney.com/?p=2379#comment-1715 "Every profession brings something of value to the layman.. a dentist, for example performs a job which no layman can do.. Except for the finance profession.. I really don't know what value they bring to the layman which he cannot aquire himself " - Warren Buffet "Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway." - Warren Buffet Another excellent article by the "Oracle of Omaha" http://money.cnn.com/2006/03/05/news/newsmakers/buffett_fortune/index.htm “Every profession brings something of value to the layman.. a dentist, for example performs a job which no layman can do.. Except for the finance profession.. I really don’t know what value they bring to the layman which he cannot aquire himself ” – Warren Buffet

“Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.” – Warren Buffet

Another excellent article by the “Oracle of Omaha”
http://money.cnn.com/2006/03/05/news/newsmakers/buffett_fortune/index.htm

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