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Stock impact report

Why Are Fund Managers So Awful at Their Job? [The Motley Fool]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: The Motley Fool
Why Are Fund Managers So Awful at Their Job? The service industry will always exist for one reason: There's a group of people out there with a mastery of a skill or craft for which the general public has little clue. For example, if my vehicle's engine begins to sputter, I'm going to take it to a mechanic, because that individual is skilled in diagnosing and fixing automobiles, far more so than myself. Likewise, if I have a persistent fever, I'm headed to my doctor, because the doctor will know the best method of diagnosing what I have and how to treat it. The same can be said for our money. While some investors feel perfectly comfortable being the purveyors of their own financial destiny, many turn to professional money managers to grow their wealth over time. Since these folks have been around the investment landscape for years or possibly decades, the assumption is that they know the ins and outs of how to make their clients rich over time. Then again, the data tells a different st Show less Read more
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