Silk purses
As the global economy emerges from recession, there are opportunities to spin gold from straw
Last year's stock market collapse gutted many retirement savings plans and investment portfolios under the care of professionals. Faith in money managers may be at an all-time low, but there is still a certain comfort in entrusting hard-earned dollars to professionals who supposedly understand price-earning ratios, industry sectors, seasonality, inflation, and a myriad of other economic factors. These pros sometimes get it all wrong, but at least everybody else is in the same boat.
But are they?
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