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If you don't like the idea that most of the money spent on lottery tickets supports government programs, you should know that most of the earnings from mutual funds support investment advisors' and mutual fund managers' retirement.
The free market is at its best when everybody works in a fish bowl and tells you their point of view... The hedge funds and portfolio managers have a right to do this... We've muted the analysts and their presence in the system.
There are people who are really good managers, people who can manage a big organization, and then there are people who are very analytic or focused on strategy. Those two types don't usually tend to be in the same person. I would put myself much more in the latter camp.
Is puppy love the reason so many Americans are blind to the incompetence and waste of Republicans - who at a minimum are supposed to be good money managers - running Iraq reconstruction?
The inability to delegate is one of the biggest problems I see with managers at all levels.