You don't trust the securities industry. You can't forget it was these "investment gurus" who brought us to the brink of a worldwide depression. If they can't manage their own money, what qualifies them to manage yours?
I have a cushy job for you. You will be the fund manager of a mutual fund. Its benchmark index is the S&P 500. All you have to do is beat that index and you will be handsomely rewarded. How difficult can this be?
You would think if anyone could run an actively managed total return fund, it would be Mr. Gross. I assume that was precisely the thinking that made PIMCO's Total Return Fund so successful in attracting assets. So, what happened?
Many Americans are likely to have to work until they are dead, not as a result of Social Security shortfalls but because of their inadequate 401(k) savings or the fact that they have no retirement plan at all.
Islamic finance has a role to play in the world of finance. But to do so, it will have to engage in developing a more holistic vision that will resonate with all people of conscience, not just Muslims.
America ships soldiers off to Afghanistan and Iraq for free. If you come back in a body bag, they ship that back for free, too. However, we make families who send soldiers socks, food and underwear pay shipping costs.