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On Financial Advisors Watching TV

Posted By Barry Ritholtz On January 21, 2010 @ 2:37 pm In Financial Press | Comments Disabled

I spoke at a conference recently at a major bulge bracket firm. A friend introduced me to a bond manager who runs an enormous amount of money.

He is not the typical manager. He said one of the most amusing things I’ve ever heard:

“Isn’t it funny when you walk into a investment firm, and you see all of the financial advisors watching CNBC — that gives me the same feeling of confidence I would have if I walked into the Mayo-clinic or Sloan Kettering and all the medical doctors were watching General Hospital…”

-Senior portfolio manager, UBS

Classic! I love learning that I am not the only one with an irreverent view of my industry . . .

Thanks, Mark!

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