How best to take account? By maximizing. And this leads to the principle of the greatest good for the greatest num ber. What exactly should we maximize? Bentham tells us happiness, or more precisely, utility - maximizing utility as a principle not only for individuals but also for ...
Manager X brings in a friend, manager Y, to manage an account where X serves as treasurer or investment chair. Manager Y in turn repays the favor by bringing a similar account to X’s firm. Nonprofits are more likely to fall into this trap because they seek out knowledgeable investmen...
Manager X brings in a friend, manager Y, to manage an account where X serves as treasurer or investment chair. Manager Y in turn repays the favor by bringing a similar account to X’s firm. Nonprofits are more likely to fall into this trap because they seek out knowledgeable investment ...
Manager X brings in a friend, manager Y, to manage an account where X serves as treasurer or investment chair. Manager Y in turn repays the favor by bringing a similar account to X’s firm. Nonprofits are more likely to fall into this trap because they seek out knowledgeable investment ...
Client swapping is an even less palatable and more hidden feature of the investment industry. It is simple and hard to detect. Manager X brings in a friend, manager Y, to manage an account where X serves as treasurer or investment chair. Manager Y in turn repays the favor by bring...