The chief executive of a mutual fund (MF) house, in an effort to underscore the confidence he had in one of the products of his company, said he had stopped paying the salaries of his errand boys and was investing their money in the MF scheme instead.
"Over the last three years, the MF scheme has done very well and they are happy," he said. Wonder what those "errand boys" have to say about that investment strategy.
"Over the last three years, the MF scheme has done very well and they are happy," he said. Wonder what those "errand boys" have to say about that investment strategy.