Outright Greed? Or Mere Miscommunication?

Back in the Great Buying Panic of the late 1990s, I once asked a financial advisor what his biggest problem was. His response: “Managing client expectations.” This question was posed in the summer of 1999, the year the Nasdaq Composite soared by 85.6 percent—on top of double-digits gains in the preceding four years. The advisor told me: “My clients think it’s always like this.” For more, please go to VonAldo.com, the blog of RR editor-in-chief David A. Geracioti.