Risk management is regarded as an essential element of modern investment management. But few people recognize that retirement -- the period when a person stops working and begins to decumulate their assets -- has now become the riskiest stage of a person's entire financial life.
It would be difficult to find an industry as ethically bankrupt as those involved in "managing" your investments. The harm these "advisers" have done to the retirement aspirations of hardworking Americans is incalculable.
those attending presumably assumed they were there to learn from real "alpha" experts, which is a fancy term describing the value added by a fund manager over its designated benchmark. They must have been disappointed.
Mr. Biggs has been "big" in the world of securities prognosticators for many years. He was the formerly the head strategist at Morgan Stanley where he was reportedly responsible for the formation of its investment management business.
Many articles on the subject of money talk about different ways to invest the money. Few of the pieces, however, address the key issue underlying any allocation which may be keeping investors up at night.