Monday, January 12, 2009

Long Live Investment Managers

Today, the Chief Investment Officer of a leading mutual fund said that his fund had exited all ihose companies where there was "questionable" accounting practices. That too in an interview on CNBC!!
Wonder why they got in in the first place, if they knew. Or is it a sudden admission that they get in to stocks without bothering to read the balance sheet and that Satyam has stirred their conscience?

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