Also, the fund has become more diversified, where it was once almost solely pharmas and biotechnology. Christopher Davis
Motivational, Inspirational, Funny Quotes
![[In addition, some money managers have come to believe that options have not lived up to their billing. The idea was that options would align top executives' interests with those of the shareholders. But they also give executives incentive to use questionable techniques to lift the stock -- often a short-term boost so they can cash out.] The trouble with options, ... is that they allow management to get rich even if shareholders do lousy. - Christopher Davis Quotes](/pic/img/img.php?text=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&author=ICBDaHJpc3RvcGhlciBEYXZpcyAgICA=&num=8 "[In addition, some money managers have come to believe that options have not lived up to their billing. The idea was that options would align top executives' interests with those of the shareholders. But they also give executives incentive to use questionable techniques to lift the stock -- often a short-term boost so they can cash out.] The trouble with options, ... is that they allow management to get rich even if shareholders do lousy. - Christopher Davis Quotes")
