In this article, a survey was done in the US asset management industry. It is found that 46% of domestic fund manager did not invest at all in the fund that they manage! Ok, maybe the fund that the manage does not fit into their financial plan but why so high percentage? No confident in ones ability? Maybe play other peoples' money is more fun than playing own money. Hmm...I wonder if the same survey is done for Malaysian fund, what will be the percentage? A good thesis for any economics student. Any takers for this research topic?
I have one crazy idea, why don't we have a law that requires any analyst that issue a buy call must in fact buy the stock after the report is published. It is easy to say the word buy, but when your money is involved, do you dare to act on it?