Doing so
as an amateur managing your own retirement portfolio will be a particularly hard version of this problem.
Not exact matches
I think the issue here is whether any
amateur fund manager (which I think is what we all are — including those financial advisers who create their own «homegrown» portfolios using trackers and bond funds) can seriously
manage a portfolio for income or for growth and control against downside risk (in equities or bonds)
as well
as a good active management group like Invesco perpetual or M&G.
This event, which is unofficially known
as the Bing Crosby clambake, has a pretty firm grasp on how to
manage the mix of
amateurs and pros and close out two separate championships at the same time in one day.
The fake salary cap put in place by the new collective bargaining agreement negotiated at the end of 2016 is to blame, but that mostly just suggests that what we're seeing is a form of legal collusion, where the owners
managed to put one over the Players Union by making it seem
as if the savings from the international and
amateur markets would come back to veteran MLB players.
As an
amateur yacht racer and designer I
managed to come to grips with the bottom line ahead of my competitors by guessing the right trade - offs.
So it is that the third most important professional service provided to the public (after medical and educational services) is
managed by part - time
amateurs, just
as it was when Canada's law societies were created.
Imagine a large institution such
as a government department or corporation, having responsibilities to the residents of a country
as important
as those of a law society, but nevertheless being
managed by a group of part - time
amateurs, i.e., benchers!