Chapter 7. Seduced by the Dark Side
We begin our discussion of the general problems with mutual funds by considering the environment in which investors must operate when they consider mutual funds as an investing alternative. This environment consists of the popular press, a term that encompasses newspapers, magazines, TV and radio shows, Internet sites, and other distributional media such as CDs or tapes.
Mutual funds are a major financial asset held by many investors, and therefore they are of interest to a large number of people. Newspapers, magazines, and television programs quite naturally are going to devote considerable attention to mutual funds to cater to the ongoing interest in them. The cover stories on many business-related magazines ...
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