FunnyDa Manager and Politician

(TO THOSE WHO BENEFITED FROM MY FREE CHARTS POSTINGS, I SAY CONGRATULATION. NO APOLOGIES TO Funnimental Folks.)

Rarely, I would like to comment on politics and hero worship. The truth is the Trading/Investing discipline is similar if not same as managing country’s growth.

Many times we hear FunnyDa Manager claiming their trophy and beating their superiority esp from big Investment Banks. Well they can do this only if the funds managed are growing in a rising market. The truth is many (except small minority) are able to outperform the market and the peers (majority) in a down market.

If we look at Malaysia growth from the 1980s – 90s, it is touted the “industrialization”. What is the big deal? Did Malaysia “grew” during this period while the neighbors languish in the doldrums? OR did Malaysia and the neighbors grew TOGETHER? So everyone grew together!

Now the politicians will start to coin all different names and terms to apple polish and bestowed one particular politician…Father of Modern Malaysia or some sort like that. Malaysians are well known and aloof with all sort of honorary titles and names. When 1997-98 Asia Financial Crisis hits, Malaysia is not spared. Malaysia went into the drains like the neighbors. What is the deal? If Malaysia manage to weather the storm unlike most of its neighbors (except the little RED DOT island) and Ringgit was not battered, than I will salute and honestly give my respect to this politician. The fact that Malaysia suffered the same fate like most of the neighbors proved this “funda manager” is not outstanding and no different from others despite his chants.

Now you can draw a parallel line between a good superior fund manager and a politician. A lousy fund manager will blame the environment for the losses. Isn’t that a fund manager is suppose to deliver good results irrespective of market conditions? Now if a fund manager is unable to guarantee you that your capital is preserved during a downturn, you might as well dump the manager!

It is better that you take over and chart your own destiny instead of leaving to a captain that drive the cruise liner into the ground recently in Europe!