TS, i hope u understand tht not everyone is as good as u in the finance market... hence they need a pro to help them to invest...
ur statement is more likely to ask everyone to fix their own tv; but the truth is not everyone noe how to do it... (how many uncle and auntie out there noe how to read annual report and caculate ratio???)

anyway i believe as a fund manager, ur client will tell u their risk preference... those wif extra money they don mind invest in a risky stock...
on the other hand, those wif little money, i believe they also don hope to earn big bucks but at least a better return then just put the money in the bank to earn interest....

anyway most of the fund managers did not enclosure all the information that you(client) need to know... this is not ethical but still everyone is doing so..

it will be more useful if u can write down some steps on how to identify bad fund manager or how to read annual report etc.... rather than ask ppl don play if they don noe how to play in the finance market... from the 1st post until now u did not mention anything at all but keep on bashing... ur words do giv ppl a wrong idea, if u don noe how to invest in the stock market don invest at all. put in the bank and die with ur money...
there is a high chance of getting HIV if u sleep wif different partners every night, but ppl still do so... wat u can do is educate them and not asking them stop having sex...

this thread damn funny lor... u all acusing others keep on bashing ts; but at the same time u all keep bashing the others as well...
most of the time u all not sharing nor giving constructive idea...
i believe others who read this topic has the same feeling as well... like a nose and mouth fight...

no one will believe the information on internet 100%, and they got the right to question TS on his findings or watever.... i can understand their feeling... since our dear TS claimed that he can outperform the market all the time, i am sure others want to learn his secret as well... if he don want to share then this topic is pointless also...

it might be important to know TS years of experience and background as well.. i believe before u all decided to buy a book u all will read about the author of the book and gain some insight of the author experience as well.... it happens here too.... there are a few cases that MNC did not understand the country they will soon operate, and the business cant perform as good as the origin country... thts the reason why MNC will hire local to manage the business oversea, bcoz they are more familiar with their own country... so if TS is from hong kong he might not know malaysia financial market as well as others....

since TS is not replying why don't we just relax.. and continue the topic "whether investors perform better than the fund manager themselves"..

from my point of view, i believe that we should set a min limit to wat we claim as investment...bcoz rm10k is an investment; rm 1 million also an investment.... but the nature of both is difference... i don't see any strong reason to monitor the market like fund managers did, if we only invest rm10k.... however, you might need to keep on monitor fund managers performance from time to time if you invest rm1 million with them...

i don believe you can earn rm3k from your rm10k investment every month(constantly); and here is the reason fund managers come in... They will monitor the market for u and u can continue your current job or business... this is a type of diversification also... imagine if u lose your rm10k but u still got your current job to keep u stay strong.... unless you so bad luck lose rm10k and your job at the same time....

anyway if fund managers keep on under perform for the past 10 years, i don think any investors will stick with them for another 10 years... fund managers are competing with each other as well... for the current financial crisis, i believe that we cant curse fund managers as well... most of them depends on rating agencies too...

just my 2 cents... dont flame me...