It looks to me as if everyone and their dog was just running around scamming people out of "management fees" for their "investment expertise" without anyone actually creating anything worth investing in, so that all these scammers simply ran around investing in each other's scams.

Maybe someday when their are hundreds of real businesses being traded there will be room for some kind of "fund management" company but until then maybe the whole economy would be better off if all the "experts" would simply debate in public the merits and demerits of the one or two actual businesses available to invest in and reach a consensus between them as to whether any are actually worth investing in and if so which.

Then the readers can decide for themselves whether to heed any of the advice.

It might also help for some of the "experts" to manage their own personal portfolios profitably for a year or two, maybe making those public as part of the debate, so that evnetually over time readers can see whether any of them actually managed even to avoid losing their own nesteggs.

It is commendable that this particular manager seems to be taking responsibility, kudos on that.

-MarkM-