You’ve inherited some money, or sold a business. What now? Most people don’t have the skill, time, or willingness to manage their own investments. One option is to entrust your funds to a professional money manager. But how to choose one? I would recommend the following checklist: 1. Skin in the gameThe first question I…
Tag: Skin in the game
Don’t listen to what people say. Watch what they do.
Don’t ask your money manager for stock recommendations. Ask him which stocks he owns personally. Don’t listen to the theories of your business school professor. Ask him about his own industry experience. Don’t ask for advice. Ask for a demonstration of their methods. Don’t listen to what people say. Watch what they do. (I learned…