...voted for a Class Warrior?
Is this what we need to start asking our investment advisors? Fund manager Cliff Asness, obviously a man with brass, states the following in the context of the creditor cave-ins to the Obama administration in the Chrysler mess:
The managers have a fiduciary obligation to look after their clients’ money as best they can, not to support the President, nor to oppose him, nor otherwise advance their personal political views. That’s how the system works. If you hired an investment professional and he could preserve more of your money in a financial disaster, but instead he decided to spend it on the UAW so you could “share in the sacrifice”, you would not be happy.
It is not clear that his compatriots agree with him. To coin a phrase, you have to wage class warfare with the capitalists you've got, and it seems like there aren't a lot around upon whom free marketers can rely.
