Talking Real Money: Bad Money Managers
We start with the tale of a Morgan Stanley "wealth adviser" who managed to lose the wife of Home Shopping Network's founder about $100 million on over 12,000 securities trades. Discover the worst mutual fund of the week. Are non-publicly traded real estate investment trusts a good investment? A once great hedge fund manager turns awful (reverting to the mean?). Why you need an investment plan and much more.