A Economic (Not A Political) Evaluation!
Studying in the field of finance can open the door to a range of careers nationally and internationally.
Theorem a single of the frictionless theory of finance (the Modigilani-Miller theorem) says that the value of advertising is zero. The value of a portfolio is the worth of its ingredients. But the income-management sector is essentially a marketing and advertising industry: They take the most generic and very easily offered components you can believe of, place them in a package, wrap a nice label on it, and marketplace like crazy. Yes, from this point of view, it is puzzling that people don’t acquire the generic (Vanguard). It really is puzzling that they do not acquire the pieces and assemble their own (etrade). It’s puzzling that they spend really so considerably for the slight variations in ingredients that the active managers or closed-end funds deliver. As it is puzzling that they spend …
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