Due negligence: failing to do the analysis
Of course, no one wants to take undue career risk by sticking their head up and saying the emperor isn’t wearing any clothes but ...
Harry Markopolos, Madoff’s whistleblower
These days investors are swamped with information about markets, industries and companies. Even if you spent your whole life ploughing through the material, you could never master it all. Realising this, many investors simply give up, and make arbitrary, often inconsistent, investment decisions or rely on the assurances of the organisations involved in selling them investments. But how can an investor happily accept statements made by any financial services company at face value in a time when we know that so many of them are ...
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