Wednesday, March 25, 2009

What Added Value Comes from "Financial Services"? / Comment - Is it back to the Fifties?

The crash has forced professional investors and academics to question the theoretical underpinnings of modern finance. The most basic assumptions of the investment industry, and the products they offer to the public, must be reconsidered from scratch. Indeed, the very reason for the industry to exist – a belief that experts make the smartest decisions on where people’s money will do best – is up for scrutiny as a result.

The answer to the question is "none".

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