The excerpt;
Tom Lydon sat for what turned out to be a poorly conducted interview with Mark Haines and Simon Hobbs about whether iShares, SPDR and Vanguard represent an ETF cartel with their combined 83% market share. I'm not sure if Haines really does not understand the product or just acts like he doesn't understand the product, as he often asks something like, 'with over 1100 ETFs which ones can I make money with now?'
I hope you can check it out.
2 comments:
Haines, while not quite at Charlie "Tiger Blood" Sheen levels, appears to be pretty full of himself. I suspect his questions are pre-formulated and he asks them in a way to demonstrate his disdain of an ETF product, ANY ETF product. Thanks for the link.
I guess Haines' grumpy demeanor must have appeal to the big boys at GE. He doesn't seem all that knowlegable for being there as long as he has.
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