STOP THE PRESSES!! BlackRock $85 Billion Manager Says Stock Pickers’ Time Has Come

bloomberg

As reported in Bloomberg Business and the Globe and Mail:

“Dan Chamby, who manages $85 billion for BlackRock Inc., says central banks’ loss of power over markets means old-style stock investors can get back to what they do best.”

How exciting! Ever since index funds were born in 1976, they have crushed the overwhelming majority of stock pickers who try to sell suckers their mutual funds. But that’s all about to change. Dan the Man says now is the time to invest with him. Let’s see how supestar Dan the Man has peformed since his fund was started in 2003.

August 29, 2003 to February 26, 2016

MDLOX (Blackrock Global Allocation Fund) return: 28.17%
S & P 500 return: 95.98%

Wow, this guy knows what he’s talking about.

http://www.bloomberg.com/news/articles/2016-02-24/blackrock-85-billion-manager-says-stock-pickers-time-has-come

Leave a Reply

Your email address will not be published.