I Eat My Own Cooking

A recent research study from Morningstar reveals that over half of the more than 1,000 funds in the study are run by managers that have little-to-no personal invstements in their own funds.  In other words, they don't eat their own cooking.

Now, I'm sure there are situations that could make this prudent with a small percentage of mangers, but I find it scary that over half of these manager report not having a single dime invested in their own funds.

Is this an example of "do what I say; not what I do"?

Let's be clear . . . I'm not a mutual fund manager.  However, I can and will make the following disclosure:  I personally invest in each of the funds I recommend to my clients -- always have and always will.

I eat my own cooking.