Performance
Last month we invited New York State Attorney General Eliot Spitzer to speak at our dinner honoring the members of this year's All-America Research Team. After complimenting them, Spitzer promptly pointed out their flaws, citing a study that showed most to be poor stock pickers. In remarks that drew widespread coverage, he warned brokerage firms that advertising Institutional Investor winners as good stock pickers was a deceptive practice that had to end.
December 1, 2002