'Tis a Gift to Be Simple' a Favorite Hymn and Good Advice
The Pantagraph Bloomington, IL › January 21, 2008
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Summary
Doyou know what a collateralized debt obligation is? What about a structured investment vehicle? They sound to me like schemes for investment advisers to collect high fees from clients hoping to strike it rich with the latest financial whiz-bang.
During 2007 and the past several years, there have been complex investment products often producing more angst than earnings.See the full content of this document
Extract
'Tis a Gift to Be Simple' a Favorite Hymn and Good Advice
Most of these are legitimate investment opportunities. Fraud is ever-present but actually quite rare. Sales puffery is another matter. Claims of having the crystal ball or the ability to defy the laws of investment gravity are more than com...
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