May 09, 2008 at 2:00 pm by Tom Lydon
Mutual funds don’t seem to be stepping up to the challenge that a global economy presents, possibly creating a wide-open door for the exchange traded fund (ETF) industry.
The power of global business has arrived, with less anchored in the mindset of the nation-state and more concentrated in private enterprise. ETFs offer greater flexibility in accessing these global opportunities at a generally lower cost than mutual funds, reports Tom Pochari for World Affairs Monthly.
Have a listen to my discussion with Tom to hear about the future of the investment business as it relates to ETFs.
May 9th, 2008 at 7:15 pm
Tom Pochari is an absolute lunatic. He thinks his interviews are of historical importance. He is high on his own fumes, and megalomaniacally overstates the importance of his pathetic vanity magazine. His own words:
“Some months ago, in fact in August 2007, I interviewed the Kazakh ambassador to the United States, and I asserted at the time that this marked an important opening to Kazakhstan and Central Asia. The State Department is a joke, a pathetic joke, and it seems rather possible to argue that WAM might indeed be the real diplomatic power of the United States. Who needs the inept and ineffectual State Department when WAM is the real diplomatic power behind the scenes? Indeed, I predict the demise of the State Department, and other agencies of the federal government in Washington. Private enterprise is the future.”
Read World Affairs Monthly, and remember that a mind is a terrible thing to waste. Between bouts of laughter.