Replies to post #63917 on ajtj99's Market Pulse

[otraque]

seasonality--that is a biggie. If funds are revved to pour in, especially the pension funds, watch out.
The inflow will be relentless and with zero thought whether they are right because it isn't their money, and regards pension fund managers, they who get huge commissions without any accountability for being incompetent-----at least a money manager for a mutual fund can get fired.
We have on SI somewhere a long piece written by Warren Buffet about Pension Fund money managers that bottomlines as PFManagers are enriched total incompetents, that are legally protected for their incompetence.
Buffet views Pension Fund managers to be the most grossly incompetent people in the financial world and he said he could randomly pick anyone off the street and KNOW they will be more competent than a Pension Fund manager.
Sorry, pst, i got on an aside rant.
But this is the time of year i love to bring out Buffet's absolute denouncing of the pension fund managers and the laws that permit this incompetence.
I can only give a "O my what they will find out is the existence of legalized incompetence where all are protected from punishment for gross incompetence, but are, indeed, paid huge salaries for this incompetence"', when i see the union members at Delta want an investigation as to how the Delta PF got so annihilated.